QATARENERGY SIGNS MOU FOR GAS COOPERATION WITH EGYPT IN THE EASTERN MEDITERRANEAN
Qatar, May 21 -- QatarEnergy signed a Memorandum of Understanding (MoU) with the Government of the Arab Republic of Egypt and ExxonMobil to study enabling the potential development and commercialization of gas discoveries in Cyprus through Egypt's existing gas and LNG export infrastructure.The MoU enables the three signatory parties to study future growth opportunities and flexible commercial frameworks in light of Egypt's position in the region and its gas infrastructure, which serves both domestic consumers and global markets. It highlights Egypt's role as a potential hub for Eastern Mediterranean gas, supporting deeper integration between Egypt and Cyprus in the field of natural gas while optimizing the utilization of existing infrastruc...
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