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Egypt to lease second LNG floating regasification unit starting 2H 2025

It looks like the LNG regasification unit docked in Jordan may soon be heading to Ain Sokhna.

The Egyptian Ministry of Petroleum, led by Minister Karim Badawi, is set to launch a new gold and associated minerals exploration bidding process.

The meeting also discussed the status of searching and exploration operations at the concession areas that were acquired by the company.

The African Development Bank (AfDB) has approved a loan of up to US$170mn to support the 1.1GW Suez Wind Project in Egypt.

Badawi highlighted the ongoing development efforts within the Egyptian mining sector and the initiatives to create an attractive investment climate.

Energy Events

EGYPES 17.02.2025

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