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Article: Energy experts urge Egypt to capitalize on growing demand for gas.(Conference notes)
- Article from:
- Daily News Egypt (Egypt)
- Article date:
- May 14, 2009
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CAIRO: Industry insiders at the fifth annual InterGas conference Wednesday expected a growth in demand for gas and highlighted the potential for investments in this sector in Egypt, underlining the need to speed up research and development in the field.
"Growth in gas demand has averaged 2.4 percent per year since 1995.
Although it has been interrupted by the financial crisis, this trend should continue and we can expect to see increasing demand for energy and the continued substitution of gas for oil in the coming years," StatoilHydro's Vice President for Natural Gas Philippe Mathieu said.
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