The Minister affirmed that the ministry has recently taken continuous steps to enhance Arcius Energy’s investments in Egypt, noting that the Egyptian Natural Gas Holding Company (EGAS) team held a joint workshop to coordinate cooperation and identify opportunities to increase investments.
Badawi added that Arcius Energy aims to strengthen
cooperation and investment in Egypt, positioning the country as a strong
regional hub for the company in the natural gas sector.
During the meeting, the CEO reviewed the company’s expansion
plans in Egypt and its ambitious five-year program for natural gas exploration,
development, and production. The program aims to unlock new gas resource
opportunities, double the company’s production rates, and expand its portfolio
through increased investments in exploration and field development. The company
also highlighted its success in finalizing the investment agreement to develop
the Harmattan gas field in the Mediterranean Sea, while simultaneously pursuing
opportunities to acquire new natural gas exploration areas.
This approach reflects Arcius Energy’s commitment to making
Egypt a central point for regional growth in the natural gas industry,
leveraging both technical expertise and strategic investment to meet rising
energy demands.