Egypt is negotiating with Jordan over increasing the price of Egyptian natural gas it exports to the fellow Arab state, an official Egypt's Oil Ministry said on Monday.
Jordan will sign an agreement with Egypt next month to resume natural gas supplies, the Associated Press reported, quoting Minister of Energy and Mineral Resources Khaled Toukan.
BG, one of the UK's three largest gas producers, profits more than doubled in the second quarter due to high natural gas prices and increased production.
Shareholders of East Mediterranean Gas Co. will take legal action against Egypt, seeking more than $8 billion in damages for interruptions in natural gas supply through a cross-border pipeline, a company official said.
China issued its first shale gas exploration tender with an offer of four blocks to a group of Chinese energy companies, state media reported, as the country kicks off its search for the potentially vast unconvention ...
Egypt has resumed its gas supplies to Israel and Jordan after a 45-day gap caused by an attack on a pipeline in the Egyptian side of the Sinai desert, Egyptian officials said.
Egypt is reviewing the timetable for resuming gas exports to Israel and wants to negotiate more flexible contracts with foreign gas buyers, the Egyptian oil minister said.
King Abdullah of Jordan and Field Marshal Mohamed Tantawi, Chief of Egypt's Ruling Military Council exchanged views to boost bilateral cooperation and other issues of mutual concern between the two countries, in a me ...