Egypt Opens Up Giant Gas Field For Bidding And Links Arrears Payments To Product

Egypt is a key country to which Europe turned to provide gas supplies to help compensate for those lost from Russia following its invasion of Ukraine on 24 February 2022. The continent’s efforts to increase such output from the North African nation were aided by significant corollary investments from the U.S. A major new gas field has just been opened for bidding by Egypt, but it may come with strings attached. The Satis gas field in the northern Mediterranean is part of the giant North El-Burg site and was previously operated in a joint…