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Egypt

TAG Oil secures three-year extension to evaluate BED-1 oil field in Egypt

TAG Oil extends the BED-1 evaluation period until October 2028, committing to drill two new wells before deciding on full-scale development of the Abu Roash F reservoir.

The $400 Million Israel-Cyprus Gas Pipeline Awaits Government Approvals

A $400 million natural gas pipeline connecting Israel to Cyprus, with a capacity of 1 billion cubic meters per year, is awaiting government approvals, according to Energean’s CEO.

Lukoil sells its African oil assets to Gunvor under pressure from US sanctions

Swiss trader Gunvor will acquire Lukoil’s African stakes as the Russian company retreats in response to new US sanctions targeting its overseas operations.
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Scatec cuts debt by 27% and reaches record 3,392 MW in projects

Scatec strengthened growth in the third quarter of 2025 with a significant debt reduction, a rising backlog and continued expansion in emerging markets.

QatarEnergy acquires 40% of North Rafah offshore block in Egypt alongside Eni

QatarEnergy has acquired a 40% stake in the North Rafah offshore exploration block, located off Egypt’s Mediterranean coast, strengthening its presence in the region in partnership with Italian group Eni.

First El Dabaa nuclear reactor receives 330-tonne pressure vessel

The reactor vessel for Unit 1 at Egypt’s El Dabaa nuclear plant has been delivered following a 20-day maritime transport from Saint Petersburg, marking a critical milestone in the country’s energy project.
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Egypt seeks to attract Japanese manufacturers to Suez Canal zone

During his visit to Tokyo, the SCZONE chairman presented industrial and logistics projects aimed at establishing the Suez Canal as a regional hub for alternative fuels and supply chains.

Jordan: exporting its electricity via Syria, operational levers and constraints

Jordan can export electricity if three conditions align: fuel availability for its power plants, measurable system surplus, and a functional transit framework via Syria to Lebanon with clear metering and settlement rules.

Egypt and UAE join forces to connect electricity to Europe

The Egyptian government and UAE-based K&K have signed an agreement to finalise studies for an electricity interconnection project linking Egypt to Europe via Italy.
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BP launches five-well offshore gas drilling campaign in Egypt

BP has awarded Valaris a $140mn drilling contract for a Mediterranean offshore campaign aimed at reinforcing Egypt’s declining gas output since 2021.

Egypt to drill 480 new oil and gas wells by 2030

Egypt’s petroleum ministry will launch 480 exploration wells by 2030 with investments exceeding $5.7bn, aiming to revive production and reduce reliance on imports.

Empower New Energy signs major industrial solar deal in Tunisia

Norwegian developer Empower New Energy expands in North Africa with a strategic partnership involving ten industrial solar sites for self-consumption in Tunisia.
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QatarEnergy acquires 27% stake in Egypt’s offshore North Cleopatra block

QatarEnergy continues its international expansion by acquiring 27% of the offshore North Cleopatra block from Shell, amid Egypt’s strategic push to revive gas exploration in the Eastern Mediterranean.

Project InnerSpace unveils GeoMap in the Middle East with 14,000 GW geothermal potential

The new GeoMap tool identifies vast geothermal potential in the Middle East, notably for urban cooling, long-duration storage, and large-scale power generation.

Egypt invests in domestic gas despite rising LNG imports

The Egyptian government is accelerating the deployment of its gas network and the conversion of vehicles to CNG, strengthening infrastructure despite a decline in domestic production.
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EBRD coordinates $74.1mn financing for a 200 MW wind farm in Egypt

The European Bank for Reconstruction and Development leads an international financing structure to support the construction of a wind farm in Ras Ghareb, as part of Egypt’s national energy strategy.

EBRD grants $74.1mn for 200 MW wind farm in Ras Ghareb

Infinity Power will build a new onshore wind farm in Egypt with financing led by the EBRD and backed by several international partners.

Egypt signs new deals to revive domestic gas production

Cairo has concluded three new exploration agreements with Apache, Dragon Oil and Perenco, for a total investment of over $121mn, as national gas output continues to decline.
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Iran and IAEA sign technical agreement to restart nuclear inspections

Iran has reached a new agreement with the International Atomic Energy Agency to formalise the resumption of inspections, following months of suspension linked to military tensions and criticism of its nuclear programme.

Voltalia unveils SPRING, a strategic plan to restore profitability by 2026

Voltalia launches a transformation programme targeting a return to profit from 2026, built on a refocus of activities, a new operating structure and self-financed growth of 300 to 400 MW per year.
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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.
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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.
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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.

Uranium: Soaring Prices, New Nuclear Era

Faced with limited supply and growing demand, the price of uranium reached its highest level in 17 years, signalling a global revival in nuclear power.

Nuclear: Between Ambitions and Contrasting Realities

Nuclear power is regaining popularity in the face of the climate crisis. However, a recent report highlights the limits of its expansion, dominated by China and Russia.
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Scatec ASA and EEHC seal Solar Project Agreement in Egypt

At COP28 in Dubai, Scatec ASA underlines the crucial importance of investment in renewable energies, particularly in emerging markets, to combat climate change.

EETC and Scatec launch studies on the Egypt-Europe power interconnection project

Egypt and Norway are partnering on a major power interconnection project between Egypt and Europe via Italy. This ambitious project aims to export up to three gigawatts of electricity from Egypt to Europe via an undersea cable. This initiative strengthens the ties between Egypt and the European Union in the field of renewable energy.

Eni successfully unloads the first LNG cargo ship in Piombino

Eni has successfully unloaded the first LNG cargo at the new Snam regasification terminal in Piombino. This acquisition of regasification capacity is part of Eni's strategy to diversify LNG supplies in Italy.
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Egypt: Construction begins on Unit 3 of the El Dabaa nuclear power plant

The El Dabaa nuclear power plant project in Egypt reaches a major milestone with the start of construction of Unit 3. This large-scale project involves contracts between NPPA and Rosatom for the construction of four VVER-1200 units, as well as the supply of Russian nuclear fuel for the entire life of the plant.

COP28 boss calls for tripling of renewable energy production by 2030

The President of COP28 called for a tripling of global renewable energy capacity by 2030 at the Petersberg Climate Dialogue, with demands for transparency on public funds promised to developing countries to address global warming.

France: Le Havre LNG terminal, the Council of State gives its decision

The Council of State has rejected the request of Europe Ecologie les Verts and an association from Le Havre against the LNG terminal project in Le Havre. The "Cape Ann" vessel will thus be able to inject about 10% of the annual French gas consumption.
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ACWA Power announces the 200 MW Kom Ombo solar project

ACWA Power has signed a $123 million financing agreement for the development of a 200 MW large-scale solar power plant in Egypt. This project will be funded by several institutions and will contribute to Egypt's goal of generating 42% of its electricity from renewable energy sources by 2035.

Chevron: tender for a drilling vessel

Chevron is looking to lease a drillship to explore for natural gas in the eastern Mediterranean, in the offshore areas of Cyprus, Egypt and Israel. The company already operates in these areas and is looking to accelerate the development of the Aphrodite gas field and nearly double production from the Leviathan field by 2027.

Africa’s largest wind farm: a sustainable initiative for Egypt

Red Sea Wind Energy has secured US$100 million to develop Africa's largest wind farm in Egypt. The project will be built and operated by Red Sea Wind Energy S.A.E. and is expected to be operational by the third quarter of 2025.
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HNRC: a new acquisition at Rhino Energy Pty Ltd

Houston Natural Resources Corp. acquired a 40% stake in Rhino Energy Pty Ltd. The company is looking for new acquisitions and aims to create more value for its shareholders.

Green hydrogen in Egypt thanks to an MoU between DNV and PETROJET

DNV and PETROJET have signed a memorandum of understanding to strengthen their collaboration in the development of green hydrogen in Egypt.

Boom of 63% in liquefied natural gas imports in Europe in 2022

European imports of liquefied natural gas increased by 63% in 2022, according to an IEA report. This increase is due to the drying up of Russian pipelines and has led the global LNG market to double in value, reaching a record $450 billion.
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USA: New rules for sharing nuclear technology

There have been significant changes in the U.S. nuclear information sharing rules. Mexico becomes an unrestricted authorized country, while Colombia and Egypt are now excluded from the list of generally authorized countries.

Egypt confirms its interest in hydrogen

Egypt and BP sign a memorandum of understanding to establish a renewable hydrogen production facility.
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