- Global Markets: LNG Buyers in Asia Look to Resell Supply
- Global Oil & Gas: EU Rules on Methane Curbs May Boost LNG Industry - Exxon
- Global Oil & Gas: Venture Global Accused of Reneging on LNG Contracts for Europe
- Global Oil & Gas: Oil Unchanged as Market Struggles for Direction
- Energy Transition: Projections of peak oil, gas, and coal demand before 2030 deemed ‘extremely risky and impractical’
Africa Oil & Gas: Egypt Predicts $25 Billion in Investments
Egyptian Minister of Petroleum, Tarek El Molla, revealed that the country will see $25 billion invested in oil and gas sector projects over the next four years.
El Molla said increasing oil and gas production is a priority for the government, which is stepping up efforts to attract more investors to the sector.
Over the past four years, the sector has successfully implemented 24 projects for a total investment of $2.16 billion, with a total daily production of approximately 1.4 Bcf and 36,000 bpd of condensate. The majority of these investments resulted in an increase in gas production.