Analysis New nuclear deal is no silver bullet for Iran's untapped gas reserves Iran has an estimated 32 trillion cubic meters of natural gas reserves, but it has been unable to exploit them under the weight of international sanctions. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Analysis Why IRGC’s shadow empire is set to endure even as Iran’s economy spirals With the ability to operate clandestinely, the Islamic Revolutionary Guard Corps wields significant power across Iran's most important sectors — insulating the organization from current economic turmoil, according to experts. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Syria to develop first offshore oil, gas field with US’s Chevron, Qatar’s UCC In 2013, Russian firm Soyuzneftegaz signed a deal to explore for oil and gas in Syrian waters, but the project was dropped two years later due to the civil war. Syria
Kuwait to open offshore oil, gas fields to foreign firms: What to know The Gulf country and OPEC member has made significant oil and gas discoveries since 2023. Kuwait
Israeli FM Lapid gets warm welcome in Ankara Israeli Foreign Minister Yair Lapid is the latest regional leader to be greeted in Ankara as Turkey takes a fresh approach to its regional ties. Turkey
Egypt looks for boost from gas deal with Israel, EU The EU, Egypt and Israel signed an agreement for the export of natural gas to Europe, which would reduce the latter’s dependence on Russian gas. Egypt
Egypt-Lebanon gas deal awaits US decision on Syria sanctions A State Department spokesperson said the administration will review the final contracts and financing terms to address any sanctions concerns. Lebanon
European Commission head in Israel for talks on energy, natural gas Prime Minister Naftali Bennett and Energy Minister Karin Elharar discussed with European Commission President Ursula von der Leyen possibilities for cooperation on exporting Israeli natural gas via Egypt to Europe. Israel
Biden to meet with Saudi crown prince in July visit The president is expected to meet with Saudi Crown Prince Mohammed bin Salman in the Saudi Arabian city of Jeddah following a visit to Israel and the West Bank, a senior administration official said. Legacy: Gulf
Maritime dispute with Lebanon threatens Israeli natural gas drilling Israel hopes that a solution can be found to the maritime border dispute with Lebanon so Energean can start drilling in the Karish field in the third quarter of 2022. Israel
Russia launches production for Egypt’s nuclear power plant Ukraine war not stopping Russia’s Rosatom from manufacturing equipment for Egypt’s first nuclear power plant. Egypt
Egypt's gas imports from Israel hit all-time high Gas flows hit a new record in the first quarter of the year and peaked in March, when Cairo purchased above contractual volumes. Egypt
OPEC+ alliance agrees to production increase Pressure on Saudi Arabia, Russia and other major oil producers has boosted production amid high prices. By Al-Monitor Staff
Could Turkey-Israel rapprochement lead to gas agreement? The Cyprus conflict stands as a major stumbling block before potential plans to carry Israeli gas to Europe via Turkey. Turkey
Dispute over Iraqi Kurdistan's energy resources ramps up The Iraqi Ministry of Oil has announced plans to establish a new oil company for the Kurdistan Region. Iraq
