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After the revolution, reform

机译:革命后,改革

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SINCE the ousting of Hosni Mubarak in beginning of 2011, Egypt has endured significant turmoil. The revolution of 2011 caused the Egyptian economy to essentially collapse and the resulting political instability made it difficult for Egypt to retain and attract foreign investment. Egypt's national revenue has fallen, and debt to foreign oil companies has increased significantly. The underlying strength of the economy and energy sector has been brought into question, and as a consequence, investors have been frightened away from the Egyptian market. The Egyptian government has recognised this, and over the past year has taken several steps to revitalise both the broader economy and, more specifically, the energy sector. However, in the short- to mid-term, no matter the steps taken by the government to meet its energy demand, natural gas and power demand is poised to rapidly outpace domestic production, with Egypt obligated to divert gas from existing liquefied natural gas (LNG) projects and turn to the international energy market to meet this shortfall.
机译:自从2011年初霍斯尼·穆巴拉克(Hosni Mubarak)被罢免以来,埃及一直遭受着严重的动荡。 2011年的革命导致埃及经济从根本上崩溃,由此带来的政治动荡使埃及难以保留和吸引外国投资。埃及的国民收入下降了,对外国石油公司的债务也大大增加了。经济和能源领域的潜在实力受到质疑,因此,投资者被吓退了埃及市场。埃及政府已经意识到这一点,并且在过去的一年中采取了几项步骤来振兴更广泛的经济,尤其是能源部门。但是,在短期到中期,无论政府采取什么措施来满足其能源需求,天然气和电力需求都有望迅速超过国内生产,埃及有义务从现有的液化天然气中转移天然气( LNG)项目,并转向国际能源市场以弥补这一缺口。

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