Cairo: Egypt's Petroleum Minister Karim Badawy met with Pascal Br©ant, Managing Director of TotalEnergies for Egypt and Cyprus, to discuss investment opportunities and regional energy cooperation, the ministry said.

According to State Information Service Egypt, the talks focused on potential projects under Egypt's Egypt Upstream Gateway (EUG), which offers new oil and gas blocks onshore and offshore. The discussions also included joint development of East Mediterranean gas resources and better use of existing infrastructure to support Egypt's ambition of becoming a regional energy hub.

Badawy expressed Egypt's support for expanding TotalEnergies' activities in the Eastern Mediterranean and accelerating regional gas projects to boost integration in the natural gas sector. He emphasized the significance of attracting fresh investment into both Egyptian and Cypriot acreage while leveraging Egypt's infrastructure.

The minister reaffirmed the government's commitment to strengthening its strategic partnership with the French energy group and removing any challenges to further investment.

Br©ant stated that TotalEnergies is eager to scale up operations in Egypt, highlighting its competitive investment climate. He mentioned that the company is focusing on developing untapped discoveries and exploring opportunities in open exploration areas.