Italy’s Enel Green Power has decided to withdraw its investments from the renewable energy market in Egypt and seek the compensations for the investments that were already injected in the sector.

French Energy Minister, Segolene Royal, said she is investigating legal means to ban the import of shale gas from the United States because France has banned shale gas exploration using hydraulic fracking for environmental reasons.

Portugal's Galp Energia has asked French EDF's investment arm, and other infrastructure funds to submit tentative bids for a 49% stake in its gas distribution business.

Egypt Oil & Gas learned that Tarek El Molla, Minister of Petroleum and Mineral Resources, held extensive talks with Jean-Bernard, CEO of France’s EDF, parent company of Italy’s Edison. EDF was part of the delegation accompanying French Prime Minister during his visit to Egypt. The talks were also attended by Edison CEO Bruno Lescoeur.