Published on
22/05/2026 - 15:42 GMT+2
QatarEnergy has signed an agreement with ExxonMobil and Egypt's Ministry of Petroleum and Mineral Resources to explore how gas discovered off Cyprus could be developed and exported through Egypt's existing infrastructure.
The memorandum of understanding, signed by petroleum minister Karim Badawi, puts the Qatari state-owned energy company at the centre of a broader effort to link Cypriot offshore gas fields with Egyptian export facilities and European buyers.
QatarEnergy said the agreement would explore future growth opportunities and commercial arrangements using Egypt’s gas infrastructure, which serves both domestic consumers and international markets.
