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.

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Egypt to expand terminal Russia used to transport its oil

The Ministry of Petroleum and Mineral Resources has started the expansion of the Hamra Petroleum Port in El-Alamein region, which is represented in a 120-feddan plot of land on the coastal area.

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NRG Matters: Egypt, UAE agree to establish 10 GW wind power project; Shell to build Europe’s largest hydrogen plant

On a macro level, Egypt and the UAE agreed to establish a 10GW wind power project. Zooming in, British oil firm Shell has decided to build Europe largest hydrogen plant from renewable power.

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Will Egyptian gas become a lifeline for Europe?

In the past years, Egypt succeeded in occupying a distinguished position in the field of producing, liquefying, and exporting gas

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Eni wins stake in $29b Qatari gas project; Egypt plans small nuclear reactors to produce energy

On a macro level, Egypt is studying the establishment of small nuclear reactors to produce energy. On a micro level, Italy Eni has won a stake in the $29 billion Qatari project to expand the production of natural gas.

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U.S. to assess if Egypt to Lebanon gas deal violates sanctions after terms agreed

The plan, first floated in summer 2021, is part of a U.S.-backed effort to address Lebanon crippling power shortages using Egyptian gas to be supplied via an Arab pipeline established some 20 years ago

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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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