ADVERTISEMENT

Ministers agree to extend Arab gas pipeline to Europe

Energy Trade

Oil ministers in the Arab gas pipeline project have agreed to extend the pipeline to the European market, the Egyptian MENA news agency reported on Sunday.

In a meeting on Sunday, ministers of oil and energy of Egypt, Jordan, Syria and Lebanon agreed to take measures to link the Arab pipeline to the European gas network following the completion of the project.

Egyptian Minister of Petroleum Sameh Fahmi, who chaired the meeting, said they discussed the implemented stages of the project which extends from Al-Arish in Egypt to Hims in Syria. In addition, experts from the four countries will discuss in the coming three days the timetables and quantities of gas to be sent to Lebanon, he added. The Arab gas pipeline, with investments of more than $800 million, stretches more than 1,000 km from Egypt to Jordan and then Syria. (Xinhua)

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.