# Qatar Energy signs a Memorandum of Understanding (MoU) with the Government of the Arab Republic of Egypt and ExxonMobil.

*business · news · 2026-05-21 · BOL News*

## Key points

- QatarEnergy, Egypt, and ExxonMobil signed an MoU to explore exporting Cypriot gas through Egypt.
- The study aims to leverage Egypt’s existing gas and LNG export infrastructure for Cypriot discoveries.
- This agreement could position Egypt as a hub for Eastern Mediterranean gas exports.
- ExxonMobil and QatarEnergy recently discovered 142-227 bcm of gas in Cyprus’s offshore Block 10.
- ExxonMobil holds 60% and QatarEnergy 40% stakes in Cyprus’s offshore Block 10.

**Companies:** ExxonMobil, Qatar Energy
**Countries:** Qatar, Egypt, Cyprus

[Read the full story on BOL News](https://www.bolnews.com/latest-news/qatarenergy-signs-gas-cooperation-memo-with-egypt-in-the-eastern-mediterranean/)

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