ENXTPA:TTEOil and Gas
TotalEnergies Expands Eastern Mediterranean Gas Options With New Egypt MoU
TotalEnergies (ENXTPA:TTE) has signed a new Memorandum of Understanding with Egyptian Natural Gas Holding Company (EGAS).
The agreement focuses on exploring and assessing deep offshore gas prospects in northwestern Egypt.
This move adds another East Mediterranean gas opportunity shortly after the company’s recent upstream initiatives in Syria.
TotalEnergies, trading at around €78.28, has delivered a return of 39.5% year to date and 56.9% over the past year, putting the stock on many...