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Egypt proposes unified Arab emergency oil and gas purchase mechanism

Egypt has proposed five initiatives to boost Arab energy security, including creating an Arab energy interconnection map and coordinating emergency oil and LNG purchases. The plan also calls for a digital investment platform spanning upstream, downstream, and renewable energy projects.

Reuters WORLD
Published December 14,2025
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Egypt has proposed five new initiatives to strengthen Arab energy security, including an Arab energy interconnection map and coordinated emergency oil and LNG purchases, the petroleum ministry said on Sunday.

Attending an Organization of Arab Petroleum Exporting Countries ministerial meeting in Kuwait, Egyptian petroleum minister Karim Badawi also proposed a digital investment platform covering upstream, downstream and renewable energy projects.