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ExxonMobil Signs MoU With QatarEnergy to Explore Gas Cooperation With Egypt, Cyprus

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ExxonMobil (XOM) has signed a memorandum of understanding with QatarEnergy and the Egyptian government to explore the potential development and commercialization of gas discoveries in Cyprus through Egypt's existing gas and liquefied natural gas export infrastructure, QatarEnergy said Thursday.

Under the memorandum, the three parties aim to study opportunities and commercial frameworks for deeper integration between Egypt and Cyprus in the natural gas sector, according to a statement.

Price: $159.10, Change: $+2.80, Percent Change: +1.79%

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