he Egyptian Cabinet and Parliament approved the signing of contracts with US Apache, APEX International Energy, and Royal Dutch Shell, as the companies won five concession areas in the Western Desert.
Egypt's advanced infrastructure is the cornerstone for establishing the national project to become a regional strategic center for energy trading, Minister of Petroleum and Mineral Resources, Tarek El-Molla, said.
State-owned Qatargas said it had signed an agreement with Shell for the delivery of up to 1.1m tons of liquefied natural gas (LNG) per year for five years.