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Egypt Seeks to Free Up Gas for Export

State-owned Egyptian General Petroleum Corp. plans to buy more than a million tons of diesel, gasoline and butane gas for delivery in November, up 60 percent from the same period last year, according to people familiar with the matter, who asked not to be identified as they’re not authorized to speak to the media. Egypt’s energy ministry didn’t respond to a request for comment.

Egypt is Making a $6 Billion Bet on Crude Oil

The Petroleum Ministry laid out the plan this week, revealing that 101 wells are already slated for 2026, spread across Egypt’s main producing regions. The announcement didn’t specify where all that capital is coming from—never a minor detail—but the country has been cozying up to the majors again, signing new exploration deals with BP (BP.L) and Eni (ENI.MI) to scour the Mediterranean for the next Zohr-sized win.

Egypt Asks LNG Shipments Be Delayed

The request comes as Egypt, which only became a net importer of the fuel in 2024 and more than doubled the amount of LNG it bought this year, struggles to assess its demand. The nation purchased a large volume of shipments earlier in 2025, with some of the deals having an element of flexibility.

QatarEnergy acquires stake in Shell-operated block offshore Egypt

The North Cleopatra block lies in the frontier Herodotus basin in the Mediterranean Sea, and covers more than 3,400 square kilometres in water depths reaching 2,600 metres. Following the transaction, which is subject to approval by the Egyptian government, Shell will retain a 36% operating interest in the block, with Chevron holding 27% and Egypt’s Tharwa Petroleum Company holding 10%.