Energy News
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Israel's Leviathan signs $35 billion natural gas supply deal with Egypt
Israel’s Leviathan signs a $35B deal to supply 130 bcm of gas to Egypt by 2040, easing the energy crisis and boosting regional energy cooperation.
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WEPCO Increases Onshore Gas Production from Egypt’s Western Desert
The new well was drilled at a depth of 5,000 meters from the lower Kharita formation, a geological formation commonly found in the Western Desert,.
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Egypt, Uganda strengthen water cooperation, address Nile governance
The meeting was also attended by Uganda’s Minister of State for Foreign Affairs, Henry Oryem, and Minister of State for Environment, Beatrice Anywar.
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Egypt's $10 Billion Green Gamble
Egypt aims to source 42% of its electricity from renewables by 2030, up from current capacity of 7.8 GW.
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Egypt issues another warning to Ethiopia over GERD
Sewilam’s remarks came during a phone interview with Ahmed Moussa’s TV show “Ala Massoulity” (On My Responsibility) on Saturday.
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Citigroup Surprises Markets: Gold on Track for a New Historic High
This marks a notable reversal from the bank’s projections in June, when it anticipated that gold prices could fall below $3,000 per ounce.
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AD Ports Group, Egypt’s Ministry of Petroleum, TCM sign deal to explore development of crude oil storage facilities
Major infrastructure play with UAE backing, relevant to energy, logistics, and industrial investors.
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Electricity minister directs measures to stabilise grid amid rising demand
Grid reliability affects industrial output and investment, especially relevant during peak demand seasons.
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Energean’s floating regasification unit arrives at Aqaba Port
Enhances regional energy flexibility, important for energy traders and infrastructure planners.
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Egyptian pound surges – dollar hits 9-month low against local currency
The Egyptian pound strengthens as remittances, tourism, and investor confidence surge, signaling macroeconomic recovery and currency stability.
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Egypt’s new gas deals: What they mean for the future
This agreement, is not just a corporate handshake, it is part of a larger effort to secure a stronger economic future for the country.
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Egypt Adds 4,100 Barrels of Oil per Day to Its Production
Egypt’s Petroleum Ministry on Monday announced it will add an estimated 4,100 barrels of oil equivalent per day (boe/d) to its production capacity.
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Egypt’s electricity grid records highest-ever load at 38,800 MW
Egypt’s power grid hit a record demand amid summer heat, highlighting urgent infrastructure upgrades and renewable energy expansion.
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Agiba boosts Egypt's gas production with 4,100 barrels per day
Agiba Petroleum raises Egypt’s gas output by 4,100 barrels per day, supporting national energy security and production capacity.
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Egypt Plans More LNG Deals, Driving Global Competition for Fuel
Egypt’s push for additional LNG imports with Shell and TotalEnergies increases global competition amid rising domestic demand.
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Cypriot natural gas from Cronos field set to link with Egypt by 2027
Cyprus plans to connect its Cronos gas field to Egypt by 2027, enhancing regional energy cooperation and facilitating gas exports to Europe.
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Cypriot Cronos Natural Gas Field to be Connected to Egypt by 2027
These surveys are taking place in both the Cypriot and Egyptian exclusive economic zones, preparing to link the field to Egypt’s facilities.
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Agiba boosts Egypt's gas production with 4,100 barrels per day
This achievement strengthens Agiba’s strategy to increase output and accelerate the development of its concession areas.
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Egypt Leads North Africa in Copper Exports
While 52 out of 54 African nations export copper in some capacity, 98% of the continent’s copper export value is concentrated in just 10 countries.
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From Shore to Fortune: The Economic Potential of Black Sand
Black sands in Egypt are formed as the Nile River carries heavy mineral-rich sediments from eastern and central Africa to the Nile Delta.