The minister emphasized his belief in the state’s ability to achieve its goals related to the optimal exploitation of its natural resources, positioning Egypt as a regional energy hub.
This joint project aims to explore, extract, and sell natural gas and condensates produced by the relevant fields in Egypt.
The company's latest global bid was launched for the year 2024 in the field of natural gas research and exploration through the Egypt Upstream Gateway (EUG).
Egypt set a plan to pay the dues amounting to $3.2 billion in 3 installments during the current fiscal year, according to a government official who spoke to Asharq Bloomberg.
This unit is intended to receive liquefied gas shipments, convert them back to gas form, and integrate them into the national grid.
