Monday 18 November 2019 \

 

Egypt mulls Russian gas supplies

Russia and Egypt remain great friends and the relationship between them should be described as special.

Source : Ruvr.ru / 28 Mar 2013

Russian President Vladimir Putin and Egyptian President Mohamed Morsi have discussed the possibility of the deliveries of Russian natural gas to Egypt as the North African country may soon become an importer to revive its weakened economy, Russian Foreign Minister Sergei Lavrov said Thursday.

The presidents met on Wednesday on the sidelines of the BRICS summit in South Africa.

Egypt may become an importer of natural gas for the first time in its history as domestic production fails to keep pace with demand growth in the aftermath of the January 2011 revolt that ousted Hosni Mubarak and months of civil unrest that followed.

Egyptian Oil Minister Osama Kamal said last November that industry would be allowed to import gas in the second half of 2013. Factories will be permitted to import a maximum of 1 billion cubic feet a day, he said.

Russia and Egypt remain great friends and the relationship between them should be described as special. Presidents Vladimir Putin and Mohamed Morsi spoke about this to the press Wednesday night after emerging from a meeting held on the sidelines of the fifth summit of the BRICS powers in Durban, South Africa, the Voice of Russia correspondent Polina Chernitsa reports.

Putin called attention to the fact that the Russian-Egyptian trade alone has bucked the crisis and grown by 70% over the past two years.

He also mentioned a number of other important cooperation areas.

Both leaders said they were happy to meet and discuss matters head-to-head.

 

We recommend

Social Networks