Russia: Towards a Balance of Interests in the Eastern Mediterranean

... with Gazprom on the European gas market, has been most successful in Egypt. Egypt’s largest project, Zohr , is being run as a concession by Italy’s Eni S.p.A. (50%), Rosneft (30%), Britain’s BP (10%) and Mubadala Petroleum (10%). Using Egyptian LNG capacity, Rosneft can achieve the coveted goal of supplying its own natural gas to the European market to compete with Gazprom. Gazprom itself also supplied LNG to Egypt until recently. However, the situation has changed in recent years. For the time ...