EU | Egypt Oil & Gas

EU Energy Ministers to Discuss Winter Energy Security as Gas Prices Surge

European Union (EU) energy ministers will meet on Thursday, October 29, to discuss energy security and affordability ahead of the winter heating season, as escalating conflicts in Iran, Ukraine, and Yemen drive oil an...

EU Opposes US Threat to Halt Diesel Exports Over Fuel Stocks

The European Union (EU) has opposed a US threat to suspend diesel exports to the bloc unless European countries release additional fuel from their reserves, warning that such a move could undermine energy cooperation ...

IEA Urges EU to Rethink Arctic Drilling Ban

The International Energy Agency (IEA) CEO, Fatih Birol, has called on the European Union (EU) to reconsider its stance against Arctic oil and gas exploration as the bloc works to safeguard future energy supplies, Reut...

EU Bans All Russian LNG Trading by EU Operators From 2027

European Union (EU) companies will be prohibited from trading or marketing Russian liquefied natural gas (LNG) from 2027, regardless of whether the cargoes are destined for the EU or third countries, according to Reut...

EU to Finance €690m Upgrade of Egypt’s Grid to Boost Renewables

Egypt and the European Union (EU) are strengthening their strategic partnership in renewable energy through a financing package of up to €690 million to upgrade and expand Egypt’s electricity transmission network, not...

Airlines Warn EU Carbon Plan will Raise Fares

Europe’s largest airlines have urged the European Union (EU) not to expand its Emissions Trading System (ETS) to include international flights, warning in a letter seen by Reuters that such a move would drive up ticke...

Egypt, EU Sign €90 Mn Grant Deal to Upgrade Power Grid

Egypt and the European Union (EU) have signed a grant agreement worth €90 million that will be managed by the European Investment Bank (EIB) to enhance investments in the electricity grid in Egypt and develop renewabl...

Egypt, EU Talk Energy Transition during Egypt Sustainable Energy Outlook 2040 Conference

The European Union (EU) and the Egyptian Government co-hosted the “Egypt Sustainable Energy Outlook 2040” conference at Cairo’s Manial Palace. Under the theme “Cooperation for Shared Prosperity,̶...

EU Targets Traders, Shadow Fleet in Fresh Sanctions on Russian Oil

The European Union (EU) has imposed new sanctions on Russian oil interests, targeting traders and shipping networks accused of helping Moscow bypass Western restrictions on crude exports that fund its war in Ukraine, ...

G7, EU Weigh Full Ban on Maritime Services for Russian Oil Exports

The Group of Seven (G7) nations and the European Union (EU) are discussing a full ban on providing maritime services for Russian oil exports. This move would replace the existing price cap mechanism in an effort to fu...

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