Western And Eastern Firms Eye Up New Egyptian Gas Exploration Opportunities

Egypt remains a focus of the West’s strategy to find gas supplies to substitute for those that came from Russia following the 24 February 2022 invasion of Ukraine. Its appeal is further enhanced by its key geographical location that gives it enormous influence over vital hydrocarbons transit routes. On top of these considerations, the country also occupies a unique leadership position in the Arab world. It is little wonder, then, that any new hydrocarbons exploration opportunities there excite huge interest from top Western firms, and from…