Shell Greenlights Egyptian Gas Project to Bolster Domestic Supply

Shell has taken a final investment decision (FID) on the development of the Mina West offshore gas field in Egypt’s Mediterranean waters, a move aimed at alleviating the country’s widening domestic supply gap and reinforcing its integrated gas strategy. The announcement, made jointly with Kuwait Foreign Petroleum Exploration Company (KUFPEC), comes as Egypt struggles with LNG import dependence and declining output from legacy fields. The project, first disclosed on July 23, was further detailed Friday by Shell and industry sources.…