June 21: Developing Articles
TAPPING GAS?
凯雷投资集团 is developing plans to form a new Mediterranean-focused oil and gas company after the private equity fund agreed to acquire Energean's assets in Egypt, Italy and Croatia for up to $945 million. The deal announced Thursday will allow the U.S. private equity fund to tap into the eastern Mediterranean gas market that has grown rapidly in recent years as gas demand in Egypt soars and Europe seeks alternatives to Russian gas, Reuters reports. Carlyle International Energy Partners LP , which handles the firm’s non-U.S. energy investments, said the new company will upgrade existing assets and grow through acquisitions, the news agency said. London-based Energean , whose main production comes from a gas facility off Israel’s Mediterranean coast, plans to expand to the wider Europe, Middle East and Africa region, Reuters said.
领英推荐
FINAL FRONTIER
Egypt has taken over leadership of a U.N. committee focused on peaceful use of space, amid increasing competition for dominance and resources in the final frontier. The UAE handed over the chairmanship of the Committee on Peaceful Uses of Outer Space to Dr. Sherif Sedky, chief of the EgSA-Egyptian Space Agency , this week, after two years in charge. The committee, which is one of the UN’s largest with 100 member states, has operated since 1959 and plays an important role in mediating on laws and policies around space exploration. Egypt has intensified its space exploration efforts in recent years. Since Dr Sedky’s appointment in 2022, the Egyptian Space Agency has launched several Earth observation satellites and established Egypt Space City, which will host the newly formed African Space Agency on the outskirts of Cairo. Countries in the Middle East, and particularly the Gulf, have ramped up their space programs in recent years as a part of broader investment in high-tech industries, and as an exercise in national branding.