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Thursday, 27 October 2022

More oil + gas cooperation with Russia

Russia and Egypt want to boost cooperation on oil and gas production after Oil Minister Tarek El Molla sat down with Russian Energy Minister Nikolay Shulginov to explore investment in Egypt’s oil and gas sector, according to an Oil Ministry statement. Their sit-down came on the sidelines of the Gas Exporting Countries Forum (GECF), which wrapped on Tuesday.

ALSO OF REGIONAL INTEREST- Israel has given Energean permission to begin production at the offshore Karish gas field on Tuesday, Reuters reports. The move comes as Israel and Lebanon are today expected to sign a maritime border agreement brokered by the United States that could pave the way for more gas exploration in territories once disputed between the two countries.

Odds are good that gas will eventually flow to Egypt for either domestic use or liquefaction and re-export.

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