The U.S. and its European allies have moved fast to secure gas supplies in the Middle East in order to replace Russian piped gas, and Egypt is crucial in this new strategy
of long-term ally Saudi Arabia having been lost to the China-Russia bloc. Politically and historically, Egypt is at least as much of a leader in the Arab world as Saudi Arabia has ever been. This had not been lost on China, which through its chief ally in the Middle East, Iran, has long been seeking to draw Egypt into its At the forefront of the move of the U.S. and its core allies into Egypt has been a set of companies – the U.S.
This will augment the huge advances of Chevron, which together with its European partner in the site, Eni, earlier this year discovered a potentially huge offshore gas field in its concession area in the Red Sea focused on the Nargis-1 well and is set to drill the first oil and natural gas exploration there in the first half of 2024.
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