Egypt seeks faster progress on Libya gas, refining and power projects
Egyptian Foreign Minister met Libya's acting oil and gas minister in Tripoli.
Egypt is pushing to advance energy projects with Libya, including developing gas pipeline connections, refining Libyan crude within Egyptian borders, and interconnecting the two nations' electricity grids, according to Foreign Minister Badr Abdelatty. This push comes amidst an energy crisis in Egypt, which has been exacerbated by limited domestic gas production and surging global liquefied natural gas (LNG) prices following the US-Israeli conflict with Iran.
During a meeting with Libya's interim oil and gas minister, Khalifa Abdulsadek, Abdelatty emphasized the need for collaboration on petroleum products and the completion of refining projects in Egypt that would allow for the re-export of Libyan oil. Abdulsadek highlighted that Libya would continue executing ongoing projects and plans to visit Cairo soon in order to engage in further technical discussions with Egypt's petroleum and electricity ministers.
While the statement did not provide specifics on the financial aspects or the current state of these initiatives, Abdelatty underscored the importance of hastening progress in these areas to alleviate Egypt's energy constraints.
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