Egyptians gather at a petrol station in Cairo as the government drastically raised fuel prices to tackle a bloated subsidy system on July 5.
(Mahmoud Khaled/AFP/Getty Images)
July 09, 2014

Gas In Egypt Is 78 Percent More Expensive Now Than Last Week

It's 2 p.m. on a hot day in Cairo and cars are lined up for blocks at this gas station in the east of the capital. People are waiting to fill their cars with the cheapest gas available — which is 78 percent more expensive than it was last week.


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A worker turns a valve at an underground gas storage facility near Striy on Wednesday. Russia has said state-controlled exporter Gazprom will supply China with natural gas via a Siberian pipeline beginning in 2018.
(Gleb Garanich/Reuters/Landov)
May 21, 2014

Russia, China Secure Nearly Half-Trillion-Dollar Gas Deal

In an agreement reminiscent of the early days of the Cold War, Russia has agreed to supply China with hundreds of billions of dollars worth of natural gas via a pipeline from Siberia pipeline to begin pumping in four years.


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