EU | Egypt Oil & Gas

EU to Reluctantly Approve ‘Unambitious’ COP30 Deal

The European Union (EU) would not oppose a proposed deal on the outcome of the COP30 climate talks in Brazil, Reuters reported, citing two anonymous sources on November 22.
"It's lacking in ambition; it's la ...

EU Approves ADNOC’s €14.7 Bn Covestro Takeover

The European Commission (EU) has granted conditional approval for Abu Dhabi National Oil Company (ADNOC)’s landmark €14.7 billion acquisition of German plastics and chemicals manufacturer Covestro, Reuters reporte ...

U.S, EU Tighten Pressure on Russia with Oil, LNG Sanctions

U.S. President Donald Trump announced on Wednesday Ukraine-related sanctions for the first time in his second term, blacklisting Russian oil major companies Lukoil and Rosneft amid growing frustration with Preside ...

Qatar Warns EU to Cut LNG Supplies for Labour and Environmental Harm Issues

Qatar has sent a letter to the Belgian government, warning that it may halt gas exports to the European Union (EU) in response to EU’s issuing of bloc's due diligence directive law on forced labour and environment ...

EU to Unveil Strategy to End Russian Natural Gas Imports by Late 2027

The European Union (EU) will release plans to prohibit new Russian natural gas agreements by the end of this year and gradually terminate current contracts with Moscow by the close of 2027.

ExxonMobil, QatarEnergy Explore Natural Gas Offshore Cyprus

ExxonMobil and Qatar Energy have commenced exploratory drilling for natural gas in a prospect named Electra, located west of Cyprus, as announced by Cyprus President Nikos Christodoulides on X. The drilling operat ...

MoPMR Launches Energy Efficiency Training Program in Cooperation with EU, EBRD

In partnership with the European Union (EU) and the European Bank for Reconstruction and Development (EBRD), the Ministry of Petroleum and Mineral Resources (MoPMR) announced the launch of the human capacity build ...

EU Eyes US LNG to Replace Russian Imports, Says von der Leyen

European Commission President Ursula von der Leyen has suggested that the European Union may seek to replace Russian liquefied natural gas (LNG) imports with those from the United States, according to Reuters.

EU’s GHG Emissions Drop by 4% YoY

The EU's fourth-quarter 2023 greenhouse gas (GHG) emissions fell 4.0% year-on-year to 897 million tons of CO2-equivalent, compared to 935 million tons of CO2-eq in Q4 2022. Meanwhile, GDP remained stable with a mo ...

EU Commissioner Praises Egypt, Trilateral LNG MoU for Role in Diversifying Europe’s Natural Gas Supply

The European Union’s (EU) Commissioner Olivér Várhelyi's has stated that the trilateral memorandum of understanding (MoU) between Egypt, the EU, and Israel has succeeded in securing significant amounts of liquifie ...

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