Egypt

Increased capacity from new terminals and expansions drove up exports of liquefied natural gas at the quickest rate since 2016.

As Egypt’s largest oil and gas investor, Eni is ramping up its 2026–2027 drilling campaign with new investments cross the Mediterranean offshore, Nile Delta, Western Desert, and offshore Sinai to strengthen the country’s role as a regional gas and LNG export hub.

The declaration builds on a memorandum of understanding the partners signed with Egypt in May to process Block 10 gas at the country’s LNG export and domestic gas facilities.

ExxonMobil and QatarEnergy’s MoU with Cairo to monetize Cyprus’ offshore Glaucus and Pegasus natural gas supports Egypt’s strategy to become the Eastern Mediterranean’s leading gas processing and LNG export hub.

Formerly titled E&P Notes, this monthly snapshot of global E&P activity highlights ongoing developments worldwide.

A memorandum of understanding between the companies targets technical services for safety and performance across Egypt’s onshore and offshore assets.

An earlier deal to double Israel’s gas exports to Egypt led to approval of Leviathan’s Phase 1B expansion by guaranteeing long-term cash flow to finance the project.

Only about one-third of Africa’s discovered hydrocarbon resources have reached commercialization.

Updates about global exploration and production activities and developments.

Nitzana will enable Israel to double gas exports to Egypt from the giant Leviathan gas field in the Eastern Mediterranean.