Tag Archives: Egypt

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 …

The European Union expects Egypt to maintain “relatively high volumes” of liquefied natural gas (LNG) deliveries to Europe, EU Energy Commissioner Kadri Simson said yesterday. Speaking to Reuters on the sidelines of an energy conference in Egypt, Simson said: “Now we have to solve some of the bottleneck issues.” “We …

Eni Spa announced a new gas discovery in the East Mediterranean Sea in offshore Egypt, according to a company statement on Jan 15. The discovery is “significant,” but the amount wasn’t disclosed. The Italian energy giant said the gas discovery is in the 1,800 km2 (695 miles2) Nargis offshore area …

Egypt exported some 8 million tons of liquefied natural gas last year, worth $8 to $8.5 billion, the country’s mineral resources ministry said this week, noting the price rally in liquefied natural gas that helped drive revenues higher. The North African country has solid ambitions in natural gas development, planning …

Egypt’s Cabinet on Thursday approved several proposals that support the deployment of renewable energy and green hydrogen in various regions of the country. At a meeting in the New Administrative Capital chaired by prime minister Mostafa Madbouly, the Cabinet decided to allocate 141,075 feddans (228.8 sq mi/592.5 sq km) of …

Egypt has discovered a large gas field in the Nargis region of the eastern Mediterranean, Oil Minister Tarek El Molla said, Reuters reports. An assessment of the field’s reserves is still ongoing, he told a parliamentary committee briefing. According to Chevron’s Web site, Nargis is one of four offshore exploration …

Iraq and Saudi Arabia are working on sending their crude oil to Europe in an effort to help the continent’s oil refineries which are desperately trying to give up the oil supplies from Russia. According to a report recently published by Bloomberg, more than one million barrels per day of …

During the UN 2021 COP26 conference in Glasgow, there were several divergent views on how to mitigate climate change. Natural gas production was a serious bone of contention. Specifically, Europe led the campaign advocating for a decline in natural gas investments in favor of renewable energy. Most developing countries took …

Egypt and the European Union will enhance cooperation in energy, the Egyptian cabinet said after a meeting between Prime Minister Mostafa Madbouly and Frans Timmermans, the EU’s climate chief, in Cairo. The delegations discussed the potential supply of liquefied gas to Europe through regional partnerships in the short term, and …

Qatar is to invest $5 billion in Egypt, the government in Cairo announced Tuesday, in another sign of a growing rapprochement following last year’s restoration of ties. The announcement came after talks between President Abdel Fattah al-Sisi and visiting Qatari Foreign Minister Mohammed bin Abdulrahman Al-Thani, who also met Prime …