Egypt and TotalEnergies explore Mediterranean natural gas

Egypt and TotalEnergies have signed a memorandum of understanding for natural gas exploration in the western Mediterranean, according to Dailynewsegypt.

The agreement underscores Cairo's strategy to leverage offshore energy resources amid recent economic reforms. Egypt seeks to expand its energy sector and attract foreign investment following monetary policy adjustments.

The partnership with the French energy company positions Egypt as a key energy hub for Europe while diversifying its economy beyond traditional sectors.