Bob Hu

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China

Egypt Accelerates Construction of First Nuclear Power Plant

Rosatom CEO Likhachev praised Egypt’s efforts to expedite the project, highlighting the long-standing cooperation between the two nations.

Gulf of Suez Wind Farm II is owned by the Toyota Tsusho Group (40%), Engie SA (35%), and Orascom Construction Plc (25%).

Badawi explained that the Ministry is working to attract more investments in the oil and gas sector, both local and international.

Egypt is buying dozens of cargoes this year and abandoning plans to become a supplier to Europe amid a steep decline in domestic gas output.

He highlighted the cost efficiency of natural gas compared to traditional fuels, its environmental benefits, and its increased availability.

Energy Events

EGYPES 17.02.2025

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