International oil companies are once again ploughing cash into gas exploration and production.
The renewed commitment to large projects follows moves by state-owned Egyptian General Petroleum Corporation and Egyptian Natural Gas Holding Company to offer investors improved prices for gas they sell into the domestic market.
Leading operators such as UK supermajor BP and Italy’s Eni are among the main beneficiaries.
BP is developing the $12 billion West Nile Delta project after securing improved terms for the long-stalled offshore scheme earlier this year.
Eni
