Challenges and Declines in Egypt's Natural Gas Production

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

This chapter explores the difficulties encountered by Egypt's Zohr gas field since its launch in 2018, focusing on issues such as production decline due to foreign currency shortages and payment delays. It also addresses concerns surrounding resource management and the impact of these challenges on the country's energy self-sufficiency.

Volkswagen calls for drastic measures to bolster profits, and President Joe Biden wants to block a Japanese company’s acquisition of US Steel. Plus, damning findings about the Grenfell Tower fire surface, and Egypt’s journey from gas bonanza to power blackouts

Mentioned in this podcast:

Joe Biden set to block Nippon Steel’s takeover of US Steel

Volkswagen warns staff it has ‘a year, maybe two’ to adapt to lower demand

‘Incompetence, dishonesty and greed’: Key findings of Grenfell report

Egypt’s journey from gas bonanza to power blackouts

CREDIT: AP

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.