Reports

Europe eyes Africa as ‘future source of cheap green hydrogen’

After Russia invasion of Ukraine in March 2022 set off a rush for gas resources worldwide, Europe picked Africa as an alternative supply market for natural gas, European energy ministers and other political leaders toured North African countries and gas initiatives in both East and West Africa received renewed support.

Sixty percent of Egypt’s gas exports went to Europe for the first time

The Egyptian Ministry of Petroleum and Mineral Resources announced Egypt has exported 60 percent of its natural gas production to Europe for the first time.

Capricorn CEO quits board, NewMed merger in balance after shareholder battle

Capricorn chairperson, chief executive and three other directors have quit the board after weeks of shareholder pressure, led by activist investor Palliser Capital, to overhaul the British oil and gas producer leadership.

Egyptian LNG Exports Climbing as Europe Demand Fueling Supply Growth

Egypt ramped up LNG exports last year to maximize use of its terminals and further its role as a hub of Mediterranean and Middle Eastern supply to Europe.

Egypt burns more heavy fuel oil to free gas for export

The amount of carbon-intensive mazut fuel oil Egypt uses in power stations has reached five-year highs as it seeks to maximise the amount of natural gas available for export, data published by the electricity sector regulator showed.

Qatar mulls $2.5 billion in Egypt investments: reports

Qatar is reportedly in talks to buy some $2.5 billion of stakes in several Egypt-based companies as the country grapples with the economic impact of the Ukraine crisis, Bloomberg reported on Wednesday.

4 International Companies Shortlisted for $2bn Petrochemicals Complex in Egypt

Anchorage Investments has selected Hyundai, Samsung, Technip Energies and Tecnicas Reunidas to compete to be the main contractor for Ain Sokhna project

Egypt and Senegal Emerge as Potential LNG Exporters to Europe

As Europe struggles to gain a greater degree of energy independence and replace energy historically imported from Russia it is looking to new parts of the world to become suppliers. In a rather unique turn of events, some African countries are promoting their rich hydrocarbon deposits as a solution. It could become a win-win situation for Europe desperate for new sources and for the African nations that are hungry for foreign currency to support their sagging economies.