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Egypt is set to resume liquefied natural gas (LNG) exports in the fall, Bloomberg said on Wednesday, citing Petroleum and Mineral Resources Minister Tarek El Molla.
Egypt is currently using all gas produced by the country due to the ongoing heatwave, and little is left over for exports, El-Molla said.
“We exported more gas because we relied more on fuel oil which last year was cheaper than natural gas so I’d import mazut and export natural gas,” said El Molla. “Today it’s the opposite.”
