Egypt Can’t Solve Europe’s LNG Problems Overnight

For years, Egypt has been performing a tough balancing act between the West and Russia, with Cairo casting itself as an actor that both parties can lean on. Egypt was the Soviet Union's principal ally in the Middle East during the Cold War and remains an important partner today.   Last year, Egypt allowed Moscow to use its El Hamra oil terminal on its Mediterranean coast, with the first shipment of 700,000 barrels of oil offloaded on July 24 before another vessel collected a consignment from the port just a few hours later. That was a…