Egypt to invest in gold, mineral mining

Egypt is working to increase the exploration of gold and minerals in the Eastern Desert with the aim of attracting investments in the mining sector.

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EU set to sign gas supply deal with Egypt to move away from Russian energy

The European Union (EU) is set to sign a gas supply deal with Egypt later this month as the bloc looks to reduce its reliance on Russian supplies in the wake of Moscow invasion of Ukraine, Bloomberg News reported, citing a draft document.

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European gas crisis is a huge windfall for Egypt

As governments such as Europe and the US make plans to block imports of Russian oil, they are left with fewer alternatives for where to get their natural gas. Russia is taking advantage of that dependence and stepping up pressure on European countries to pay for Russian natural gas imports in rubles to prop up the value of the Russian currency. It has already cut off gas supplies to six countries, including Germany and Denmark, that refused to do so.

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Egypt Offshore Gas and Wind Could Help Meet EU New Energy Needs

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.

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Rystad Energy analyses Egyptian pipeline of green hydrogen projects worth $40bn

The series of projects announced in Egypt over the past three months has captivated foreign developers and highlighted the country potential as it gears up to host COP27

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Spain turns to the USA, Nigeria, Egypt and Qatar to maintain its gas supplies

The gas is brought in by methane tankers and this now accounts for 75% of imports, while supplies from Algeria have dropped by one-third following Russia invasion of Ukraine

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Dana Gas Q1 Output Falls Due to Natural Decline in Egypt

Production at UAE-based Dana Gas fell to 62,400 barrels of oil equivalent/day in the first quarter, from 64,900 boe/d a year earlier, the company reported on May 11, attributing the drop to natural field decline in Egypt.

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SCZone reviews opportunities for green hydrogen production in industrial zones

President of the Suez Canal Economic Zone (SCZone) — participated in an annual meeting via video conference of the European Bank for Reconstruction and Development (EBRD) and the bank’s business forum, which was held yesterday in Morocco via video conference.

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