Egypt in Talks to Buy LNG Through 2030 to Offset Weak Production

Egypt in Talks to Buy LNG Through 2030 to Offset Weak Production

Egypt is looking to buy liquefied natural gas through the end of the decade, a move to meet surging summer power demand and supplant flagging domestic production.

BOTAS Deploys FSRU for First Time Abroad Under Türkiye-Egypt Energy Deal

In a groundbreaking move, Türkiye’s national energy company BOTAS will deploy one of its Floating Storage Regasification Units (FSRU) abroad for the first time under a newly signed agreement with Egypt’s state energy company EGAS. Minister of Energy and Natural Resources Alparslan Bayraktar announced in a written statement that a meeting was held with Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, and his delegation at the mi…

Egypt: New Deals Boost Gas Output, Oil Decline Continues

Key onshore Egypt producers are hoping new improved terms will help boost waning oil and gas output. Western Desert #1 Apache has already achieved an uptic...

Egypt signs $221 million oil deals with international firms

Egypt’s oil and gas industry is on a growth trajectory after the government approved $221 million in deals involving international firms. These agreements create exploration

Hisham Talaat Moustafa's TMG begins second phase of SouthMED following $20 billion in sales

Key PointsTMG surpassed EGP 1 trillion in total sales, driven by SouthMED’s unprecedented demand and its expansion into premium coastal and hospitality developments.Phase 2 of SouthMED generated EGP70 billion ($1.38 billion) in just 24 hours, marking one of the largest single-day real estate sales in Egypt’s history.Global marketing, asset-light strategy, and prime location near Alexandria position SouthMED as a premier destination for both loca…