Global stocks diverged and oil prices tumbled on Monday as markets were relieved that Israel's strikes on Iran had avoided the country's energy infrastructure.
Egypt will reduce its renewable energy target for 2040, highlighting the need for reliance on natural gas for the coming years.
A landmark multinational agreement on managing the waters of the Nile River has entered into force - over the vehement objections of Egypt
The suspension comes after Israel and Iran threatened to target each others energy infrastructure following Iran's ballistic missile attack on 1 October.
The deal between ADNOC and Covestro is the biggest buy out of a European firm by a company from the Gulf.
Two sources said Saudi Arabia had financed three of the 32 liquefied natural gas cargoes Cairo has bought so far this year.
Qatar also announced plans to expand its natural gas production as such, double its output of fertiliser.
Iraqi Prime Minister Mohamed Shia al-Sudani wants to diversify Iraq's energy imports and help alleviate chronic electricity outages.
Egypt's prime minister said that the country's power cuts will end as of Sunday with the arrival of a natural gas shipment.
Egypt's prime minister says the country needs to import over $1 billion worth of fuel oil and natural gas to fix the electricity crisis and end power cuts.