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Qatar Energy signs a Memorandum of Understanding (MoU) with the Government of the Arab Republic of Egypt and ExxonMobil.
QatarEnergy, Egypt, and ExxonMobil signed an MoU to explore exporting Cypriot gas through Egypt.
KEY POINTS
- 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
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