- Egypt contributed to securing part of Europe’s energy needs during the global crisis.
- It is essential to accelerate the provision of technology and applications needed to reduce carbon to support Egypt and African countries.
Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla has stated that Egypt contributed to securing part of Europe’s energy needs during the global crisis as an investment in its role as a regional centre for energy trade and circulation. He added that the current challenges in global energy markets had proven the importance of Egypt’s proactive efforts since 2018 to launch the Eastern Mediterranean Gas Forum and the resulting effective regional integration in accelerating the development and exploitation of gas resources in the region.
El Molla said that the current challenges in global energy markets had proven the importance of Egypt’s proactive efforts since 2018 to launch the Eastern Mediterranean Gas Forum and the resulting effective regional integration in accelerating the development and exploitation of gas resources in the region.
Further, El Molla held two meetings with US Congressmen Thomas Kane and Bill Keating, where they discussed ways to advance cooperation between Egypt and the US in the field of energy, especially energy transition and carbon removal, and Egypt’s current regional role as a centre for energy trade and circulation. He disclosed that it is essential to accelerate the provision of technology and applications needed to reduce carbon to support Egypt and African countries in their serious endeavours in this field. The minister presented the strategy Egypt is implementing to achieve sustainability, reduce carbon in the energy sector, and invest in green energies such as hydrogen.