Climbing sand: Russia’s faltering advance in Africa’s Sahel
For years, Russia has sought to establish itself as a power broker in Africa, using the Sahel as a showcase
According to an exclusive report by Reuters Saudi Arabia and Libya have financed the purchase of gas cargoes worth at least $200 million to help Egypt ease its energy crisis this summer amid a steep decline in domestic gas output, two industry sources familiar with the matter said.
Egypt needs some $2 billion worth of gas to cover summer demand through October, according to one of the two sources familiar with the government's plan, but a hard currency crisis means it lacks funds to fully cover imports of liquefied natural gas.
Sign up for the weekly newsletter and get our latest stories delivered straight to your inbox.