Why are gas and oil discoveries in Egypt so important for the region?

Since the start of the Russian-Ukrainian war in February 2022, the west has been trying to locate reliable sources of oil and gas to compensate for the missing Russian supplies, while Russia itself tried its most to prevent the west from achieving that. An additional and crucial factor  in this new global system of the oil market, is that Russia and China are seeking to accelerate plans to build a unified energy network in the Arab world, which will give both Chins and Russia very strong upper hands in the region. 

A crucial development has been the announcement of new oil and gas fields discoveries by western companies, including Chevron, which plans to start the first drills in the Red Sea region in the first half of 2024. 

The discovery came after an extensive scan and collection of geophysical data by the company, with support from the US government to maintain Egypt's role as an ally in the new world oil order. 

Egypt is indeed crucial for multiple reasons, and has always played a pioneering nationalist Arabic role in the Arab world, and contributed to a sort of cultural, political, and economic collaboration in the Arab world.