By Rania Imam
A recent US document on the world of 2020 came out in which countries were divided into groups: South America, Asia, Europe, Middle East, North Africa and Egypt.
The study confirmed Egypt will become one of the world’s largest natural gas suppliers in the region by 2020, following the East Delta and Mediterranean field explorations.
This is expected to enable Egypt to cover all its fuel needs when it comes to industry and household consumption, as well as exporting the surplus.
Moreover, Egypt might set up a network to export natural gas to Europe through Cyprus and Greece, who will benefit also from this network.
Seeing this massive NG production and the ambitious investment plans, Egypt’s national income is expected to boom. This will, in return, make it one of the biggest economies in Middle East by 2020.
Finally, the study highlighted Egypt’s growing political and military strength, which might change power balance in the region, as it is anticipated to be a regional key player.
