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Egypt

Empower delivers solar power plant for L’Oréal Egypt and secures regional foothold
Empower New Energy commissions a solar power plant in Egypt for L’Oréal, completing a direct investment structured without debt and strengthening its market entry strategy in the African industrial sector.
Vaalco Energy posts net income of $8.4 mn in second quarter 2025
The US oil company recorded sales and production above its forecasts, despite lower crude prices and reduced profit compared to 2024.

ISRAEL: NewMed Energy signs historic $35bn gas deal with Egypt through 2040

The Israeli group NewMed Energy has signed a natural gas export contract worth $35bn with Egypt, covering 130bn cubic metres to be delivered by 2040.
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BP discovers major offshore field in Brazil, its largest find in twenty-five years
BP has announced the discovery of an oil and natural gas field off the coast of Brazil, in the Santos Basin, marking its most significant find in a quarter of a century.
The MENA renewable energy market will reach USD59.9 bn in 2030 driven by hydrogen and solar
Investments in renewable energy across the Middle East and North Africa are expected to reach USD59.9 bn by 2030, fuelled by national strategies, the rise of solar, green hydrogen, and new regional industrial projects.

Egypt accelerates oil arrears payments to revive gas sector

The Egyptian government has paid over $1 billion to oil majors to secure natural gas production and restore international investor confidence.
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AMEA Power commissions Egypt’s first large-scale battery energy storage system
AMEA Power has commissioned a 300 MWh battery energy storage system in Egypt, a first for the country, extending the Aswan solar site’s activity and consolidating its presence in the African market.
Egypt: Supplementary agreements signed for the El Dabaa nuclear power plant
Egyptian President Abdel Fattah al-Sisi oversaw the signing of new agreements for the construction of the El Dabaa nuclear power plant, thus strengthening the strategic cooperation between Egypt and Russia.

Egypt accelerates El-Dabaa national grid connection for 2026

Cairo is stepping up connection works for the planned 4,800 MW El-Dabaa nuclear plant, developed with Rosatom, to feed the grid from 2026 with output equal to about seven % of national electricity.
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ENGIE launches largest wind farm in Africa and Middle East in Egypt
ENGIE begins full operation of the Red Sea Wind Energy wind farm in Egypt, increasing its capacity to 650 MW, four months ahead of schedule, now powering over one million homes in the region.
Egypt strengthens energy cooperation with six Chinese groups at Shanghai summit
Egypt’s Electricity Minister engages in new talks with Envision Group, Windey, LONGi, China Energy, PowerChina, and ToNGWEI to boost local industry and attract investments in renewable energy.

Egypt launches $200mn industrial solar complex at Ain Sokhna

Egypt has been building an industrial photovoltaic solar complex in Ain Sokhna since June 19, aiming to stimulate strategic local production with a total investment of $200 million funded by the Chinese group Sunrev.
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Globeleq launches South Africa’s largest energy storage facility
Globeleq and African Rainbow Energy finalise commercial agreements for a 153 MW energy storage project in South Africa, aimed at enhancing national grid stability and optimising peak energy management.
Israel resumes gas exports to Egypt and Jordan
Israel has partially resumed its natural gas exports to Egypt and Jordan following a week-long halt due to the closure of two major offshore gas fields, Leviathan and Karish.

Egypt announces second oil discovery at Abu Sannan in three months

Egypt’s General Petroleum Company discovers a new oil field in Abu Sannan, producing 1,400 barrels per day, confirming growing interest in this mature Western Desert region.
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Amea Power secures financing for Egypt’s first grid-scale energy storage
The Dubai-based company obtains a USD72mn loan to add a 300MWh battery system to its 500MW solar plant in Kom Ombo, with commissioning expected in July 2025.
Egypt secures 290 LNG shipments to meet summer demand
In response to rising summer electricity consumption, Egypt signs import agreements covering 290 shipments of liquefied natural gas, involving major international firms, with financial terms adjusted to the country’s economic constraints.

Scatec secures $479mn financing for major solar project in Egypt

Scatec ASA finalises financing for its hybrid solar-battery Obelisk project in Egypt, securing $479.1 million from international financial institutions for a planned capacity of 1.1 GW solar and 100 MW storage.
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Egypt: fertilizer companies halted after suspension of Israeli gas
Egyptian fertilizer producers suspended their activities due to reduced imports of Israeli gas, following recent production halts at Israel's Leviathan and Karish gas fields after Israeli strikes in Iran.
Petronas cuts 5,000 jobs and exposes contradictions in its African operations
Petronas' workforce reduction reignites questions about internal trade-offs, as the group maintains its commitments in Asia while leaving uncertainty over its operations in Africa.
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Occidental and Algeria Launch Two Studies to Assess New Oil and Gas Fields
Oman Unlocks $500 Million to Exploit Its Copper and Chrome Reserves
RWE secures two solar projects in North Rhine-Westphalia through a federal tender
Pemex bets on Pimienta and Eagle Ford to revive national energy production
Rezolv Energy secures 731MW in Romania’s public-backed renewables auction
EIB Global finances €271m for Egyptian companies
The European Investment Bank (EIB Global) has announced financial support of 271 million euros for Egyptian industrial companies. This funding is aimed at reducing pollution, improving energy efficiency and increasing the use of renewable energies, in line with international environmental standards.
L'EIB Global Finance 271 M€ pour les Entreprises Égyptiennes.
Strategic Agreement for Renewable Ammonia in Egypt
Scatec, ECHEM, and MOPCO sign a major agreement with Yara Clean Ammonia for the production of renewable ammonia in Egypt.
Production d'ammoniac renouvelable Égypte

BP joins forces with Masdar and Hassan Allam Utilities for green hydrogen in Egypt

BP, in partnership with Masdar of the United Arab Emirates, Hassan Allam Utilities of Egypt and Infinity Power, has signed a Joint Development Agreement (JDA) to explore the creation of a multi-phase green hydrogen project in Egypt.
Développement hydrogène vert Égypte
Egypt: Power cuts exasperate the population in the middle of a heatwave
Frequent and prolonged power cuts are making daily life worse for Egyptians in the sweltering heat. Infrastructure, electrical appliances and even people's health suffer.
Égypte coupures d'électricité canicule
Egyptian companies forced to switch to hydrogen
Faced with a shortage of natural gas causing power cuts, Egyptian fertilizer companies are turning to hydrogen to maintain production.
Hydrogène pour pénurie de gaz

Egypt: EGPC Awards Its First and Largest LNG Tender

The Egyptian General Petroleum Corporation (EGPC) has awarded its first LNG tender, covering 20 cargoes. The tender attracted competitive bids from 15 market players.
Sécurisation approvisionnement énergétique Égypte.
Leviathan field: Israel authorizes additional gas exports
Israel approves the export of an additional 118 billion cubic meters of natural gas, aimed at strengthening its diplomatic relations and energy security. The Leviathan field partners are planning a $500 million investment to increase production capacity.
Expansion gaz Leviathan Israël
Iran surpasses Iraq in gas flaring to become world number two
Iran has overtaken Iraq in 2023 to become the world's second largest gas flaring emitter after Russia, reveals a World Bank report.
Torchage gaz mondial Iran

China and India top the list of Russian oil importers in May

In May, China and India became the main buyers of Russian fuel oil and vacuum gas oil (VGO), representing a significant increase in Russia's seaborne exports. These exports, which totalled around 4 million tonnes, are the result of the end of seasonal maintenance work.
Exportations énergétiques russes Asie
TotalEnergies and Verbund launch green hydrogen project in Tunisia
TotalEnergies and Verbund announce a major joint project to produce and export green hydrogen from Tunisia to Europe.
Projet Hydrogène Vert Tunisie
Egypt approves major 10GW wind power project
Egypt signs a crucial agreement for access to land for a colossal 10 GW wind power project, promising a significant reduction in its carbon emissions.
Parc Éolien 10 GW Égypte

Stalemate on the Aphrodite gas project in Cyprus

The Aphrodite gas project in Cyprus faces a new impasse, with Chevron's plan rejected by the Ministry of Energy.
Développement Gaz Aphrodite Impasse Chypre
Egypt boosts wind power capacity with major investment
Egypt, in agreement with Scatec and Engie, is preparing to deploy 8 GW of wind power, marking a major step forward in its energy transition.
Égypte énergie éolienne investissement Scatec Engie
Liquefied natural gas shortage in Northwest Europe
Demand for liquefied natural gas (LNG) in North-Western Europe fell in April, putting the region under pressure in the shoulder season.
Baisse Importations GNL Europe

Côte d’Ivoire boosts its solar momentum with new PPP projects

Côte d'Ivoire qualifies ten multinationals to build two solar photovoltaic power plants to boost its energy mix.
La Côte d'Ivoire avance dans son engagement envers les énergies renouvelables, en qualifiant dix entreprises pour de nouveaux projets solaires
Halliburton beats forecasts despite lower earnings
U.S. oil and gas group Halliburton posted first-quarter net income of $609 million, down 7% but ahead of expectations, thanks to strong international business.
Résultats Halliburton T1 2024
US LPG exports: Fluctuating volumes to Europe and Asia
In April, US LPG exports fell, mainly impacting Europe and North Africa.
Exportations LPG US Europe Asie

Africa’s energy transition: Gas takes over from oil

Africa, historically known for its oil resources, is now turning its energy sector towards natural gas.
Afrique transition pétrole à gaz
EU and Egypt: 7.4 billion euro strategic pact
In the midst of an economic crisis, Egypt is receiving 7.4 billion euros in financial support from the EU, in the form of loans, investments and grants.
Partenariat UE-Egypte mars 2024
ACWA Power: 4 billion agreement with Egypt
ACWA Power embarks on a $4 billion project to develop green hydrogen in Egypt, targeting annual production of 600,000 tonnes of green ammonia.
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