Egypt's gas strategy
New natural gas coming on stream will boost the country's economy, in the short term
A few metres from a Maserati showroom on the busy fringes of Cairo a crowd of men and women were trying unsuccessfully to flag down mini-buses carrying commuters into the capital. Nearly all the buses appeared to be full. Behind the luxury-car showroom stood several blocks of flats, grimed by smog, plaster peeling off. Their inhabitants are not the buyers of the Maseratis. For millions of Egyptians, daily life is, at best, a slog. During recent summers it has been even worse. Frequent power cuts have prevented the effective use of air conditioning and fans. As President Abdel-Fattah el-Sisi is aware, nothing is likely to spark social unrest more than stifling summer nights in overcrowded cit
Also in this section
23 April 2026
The addition of an oil pipeline to the Power of Siberia 2 gas project could ensure deliveries of Russian oil to China, materially shorten logistics lines between West Siberia and final customers, and—amid disruption in the Strait of Hormuz—offer a land-based export route that reduces exposure to maritime chokepoints
23 April 2026
There is a clear push to bolster exports to Asia amid uncertainty around its North American neighbour, but there are limits to the benefits from the energy crisis
23 April 2026
Shell made the play-opening discovery in Namibia’s Orange basin back in 2022, but its next well could decide whether the project can actually be commercialised
22 April 2026
The failure of OMV Petrom’s keenly watched exploration campaign at Bulgaria’s Han Asparuh block highlights the Black Sea’s uneven track record, despite major successes like Neptun Deep and Sakarya
