Egypt PM says will not cut gas supplies to industry
Newsquawk Staff ·
Egypt PM says will not cut gas supplies to industry.
What it means
This statement from the Egyptian PM reinforces supply stability for the industrial sector, potentially easing concerns over energy shortages in Europe amid ongoing geopolitical tensions. The decision not to cut gas supplies may provide a more favorable backdrop for European energy markets, impacting pricing and the overall sentiment towards energy security in the region.
- ADNOC reportedly informed some Asian refiners that it may begin delivering Upper Zakum crude via a new pipeline to the Fujairah terminal in early 2027, allowing shipments to bypass the disrupted Strait of Hormuz, according to Bloomberg
- TTF rises to EUR 100/MWh for the first time since December 2022
- Russia and Azerbaijan are discussing natural gas swap supplies, reports Interfax
- Equinor (EQNR NO) CEO says what happens in the Middle East determines the price of oil, refined products and gas; hopes that Britain will approve the Rosebank oilfield
- Iranian President is to visit Russia today to attend the gas exporting countries' summit, Tasnim reports
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