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2026-11-11T15:03:52.000Z

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Egypt Seeks Gas Investors

Egypt Seeks Gas Investors

Egyptian House of Representatives Speaker Hisham Badawi said at a meeting of the speakers of the Egyptian, Cypriot, and Greek parliaments in Cyprus that Egypt is taking steps to create a favorable investment climate for gas exploration and field development, and is working to meet its obligations to foreign partners. He discussed cooperation on developing the Cronos field and transporting its gas through Egyptian facilities for re-export to Europe by 2028, as well as negotiations to import gas from the Aphrodite field to meet domestic demand starting in 2030. He also highlighted the GREGY electricity interconnection project, which aims to deliver around 3,000 megawatts of clean electricity to Greece and Europe, at an estimated cost of €4.2 billion.

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