Search Site

Trends banner

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Egyptian LNG exports will exceed 8 million tonnes in 2022: Minister

Egyptian exports of liquefied natural gas will exceed eight million tonnes in 2022. File pic
  • Ninety percent of Egyptian LNG exports will be destined for European Union countries, El Molla said
  • He said the companies will focus on reducing emissions from production operations while stepping up their activities

Cairo, Egypt — Egyptian exports of liquefied natural gas (LNG) will exceed eight million tonnes in 2022, up 14 percent compared to 2021, according to Egyptian Oil Minister Tarek el Molla.

In press statements, El Molla said 90 percent of Egyptian LNG exports will be destined for European Union countries. 

“We have to take into account the growing needs of the Egyptian domestic market in the short term and the increase in supplies from neighboring Eastern Mediterranean countries in the long term,” said the Egyptian minister.

El Molla added the companies will focus on reducing emissions from research, exploration and production operations while stepping up their activities, which will give Egypt a competitive edge.