Rosneft signed the deal with the state-owned Egyptian Natural Gas Holding Company during a visit to Moscow by Egyptian President Abdel Fattah el-Sisi.
“Implementation of the provisions of the signed documents will, in the long term, open access for Rosneft to the Egyptian gas market, which has a significant growth potential,” the company said in a statement.
Egypt consumed 48 bcm (1.69 tcf) of natural gas in 2014 and 51.4 bcm (1.82 tcf) in 2013, according to the BP Statistical Review 2015, and relies on imports to meet domestic demand.
For more news and features from Russia, click here.
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
Azule Energy and Rhino Resources will enter a strategic farm-in agreement for Block 2914A located in Namibia's offshore Orange Basin,… Read More
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
This website uses cookies.