Arab Finance: The Egyptian government asked the Italian company Eni and the American company Apache to increase the country's gas production and try to achieve self-sufficiency again, and agreed with them to pay the late dues to encourage them to complete field development and exploration programs, according to the East Economy.
An agreement was reached to schedule the arrears and commit to paying the value of the foreign partner’s share in the extracted natural gas directly without further delay, or to allow them to export it abroad in exchange for the companies’ commitment to increase investments in their concession areas. The agreement with Eni also included the possibility of exporting part of its share. Of gas in winter.
It is worth noting that Egypt is working to increase the quantities of natural gas available during the second half of this year, in order to meet the country’s needs, especially the electricity sector during the summer months. The decrease in gas production locally prompted the country in June to purchase 21 shipments of liquefied gas during the current summer months, in addition to offering… Tender to supply 5 immediate shipments last July.
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