RIYADH: Egyptian Prime Minister Mostafa Madbouly said he wanted to work with the Greek government to export surplus natural gas to Europe.
It is part of a wider push to boost cooperation across energy and electrical grid interconnection across the island of Crete, which lies midway between the North African country and mainland Greece.
He made the disclosure during talks in Cairo on Monday between Egypt and Greece, co-chaired by Madbouly and his Greek counterpart Kyriakos Mitsotakis, Al Arabiya reported.
A number of recent offshore gas finds in the Eastern Mediterranean are rapidly redrawing Europe's energy landscape and shifting the balance of power as more countries move towards self-sufficiency in gas.
At the same time some countries in the region are also exploring the potential to link their power grids to allow the movement of electricity across borders.
It could potentially lead to Gulf Arab states exporting power north to Europe during the winter months when demand is high for heating and for European countries to share their excess power in the summer months, when demand rises in the Gulf, driven by rising air conditioning consumption.
Egypt wants to export surplus gas to Europe through Greece
https://arab.news/nwt3z
Egypt wants to export surplus gas to Europe through Greece
- It is part of a wider push to boost cooperation across energy and electrical grid interconnection across the island of Crete
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Saudi Arabia’s industrial production jumps 10.4% in January: GASTAT
RIYADH: Saudi Arabia’s industrial production index rose to 115 in January, up 10.4 percent from a year earlier, driven by higher crude output and stronger mining activity, official data showed.
The latest report released by the General Authority for Statistics showed that the annual surge was primarily fueled by a 13.3 percent jump in the mining and quarrying sub-index, which includes oil production.
Saudi Arabia raised crude oil output to 10.1 million barrels per day in January from 8.9 million barrels per day a year earlier, supporting growth in the mining and quarrying sub-index and contributing to the broader expansion in industrial activity.
The latest IPI figures underscore continued momentum in the Kingdom’s industrial sector as Saudi Arabia pursues economic diversification under its Vision 2030 agenda.
The manufacturing sector, a key pillar of the Kingdom’s economic diversification efforts, also contributed positively to the annual growth. The manufacturing sub-index rose by 6.8 percent compared to January of the previous year.
This was underpinned by strong performances in the manufacture of chemicals and chemical products, which grew by 10.6 percent, and the manufacture of coke and refined petroleum products, which increased by 9.1 percent. The food products industry also saw an annual growth of 9.1 percent.
The water supply, sewerage, and waste management activities recorded the highest annual growth among the major sectors, increasing by 11.7 percent.
Despite the strong year-on-year performance, the IPI showed a slight contraction on a monthly basis, decreasing by 0.5 percent compared to December 2025. This decline was driven by a 1.4 percent drop in the manufacturing sub-index from the previous month.
The monthly downturn in manufacturing was largely attributed to decreases in the same sectors that fueled its annual growth, with coke and petroleum products down 1.1 percent and chemicals down 1.2 percent.
A breakdown by main economic activities shows that the index for oil activities jumped 12.5 percent annually, while non-oil activities also posted a healthy gain of 5.3 percent.
On a monthly basis, both indices saw minor declines, with oil activities dipping 0.1 percent and non-oil activities falling by 1.5 percent.
The electricity, gas, and air conditioning supply sub-index was the only major sector to record an annual decrease, falling by 1.3 percent compared to January 2025.
