How would BG Egypt compare to other regions?
BG Egypt produces, or is associated with, 40% of the gas produced in Egypt. Given that it is such a large amount, you are, in all aspects, dealing a lot more with different entities as you go along. Compared to somewhere not producing that much gas, you are exposed to a more isolated piece of the business. BG Egypt is a production site. We supply to domestic, we export supplies and supply for the export market as well. This combination puts us in a very integral role, joined up with what the government is doing. How would you characterize the investment climate; i.e. the level of investment, quality of opportunity, risk, etc, in Egypt? Well, with our partners, we have invested $7 billion to date in Egypt. We are one of the largest British investors and have contributed extensively to the foreign direct investment in Egypt. Last year alone, our investments accounted for over 12% of Egypt’s total FDI in 2009. We are planning to spend another billion this year. We have been a major invest
