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Egypt Sets Price for Shale Gas

Egypt Sets Price for  Shale GasEgypt Sets Price for  Shale Gas

Egypt has priced the shale gas expected from a December deal with foreign firms at $5.45 per million British thermal units (mmBtu), Reuters reported on Monday. Egypt signed its first contract to extract gas by hydraulic fracturing, or fracking, in a deal with Apache and Shell Egypt that includes investments of $30-$40 million, the oil ministry said at the time.

 

Financialtribune.com