BP has started gas production from Egypt’s Fayoum-4 well two years ahead of schedule, adding around 80 MMcf/d. The new supply comes as Egypt battles declining domestic output and growing dependence on LNG imports. #NaturalGas#Egypt#BP
Energean is in exclusive talks to buy BP’s Egyptian oil and gas assets in a deal potentially worth $1B. The package includes West Nile Delta assets and BP’s 50% interest in the Temsah concession. #BP#NaturalGas#Egypt
Egypt and Libya are nearing a deal on an 800-km, $1B+ oil pipeline linking Tobruk to Alexandria. The route could send rising Libyan crude directly to Egyptian refineries as the Iran war disrupts Cairo’s traditional Gulf supplies. #Oil#Libya#Egypt
