Ukraine, Egypt explore preferential trade deal: Zelenskyy    Egypt, Russia's Rosatom review grid readiness for El-Dabaa nuclear plant    Mastercard Unveils AI-Powered Card Fraud Prevention Service in EEMEA Region, Starting from Egypt    Global tour for Korean 'K-Comics' launches in Cairo with 'Hellbound' exhibition    China's factory output expands in June '25    Egyptian pound climbs against dollar at Wednesday's close    New accords on trade, security strengthen Egypt-Oman Relations    Egypt launches public-private partnership to curb c-sections, improve maternal, child health    Gaza under Israeli siege as death toll mounts, famine looms    EMRA, Elsewedy sign partnership to explore, develop phosphate reserves in Sebaiya    Philip Morris Misr announces new price list effective 1 July    Egypt Post discusses enhanced cooperation with Ivorian counterpart    Egypt's Environment Minister calls for stronger action on desertification, climate resilience in Africa    Egypt in diplomatic push for Gaza truce, Iran-Israel de-escalation    Egypt teams up with private sector to boost university rankings    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Egypt condemns deadly terrorist attack in Niger    Egypt, Tunisia discuss boosting healthcare cooperation        Egypt's EHA, Schneider Electric sign MoU on sustainable infrastructure    Sisi launches new support initiative for families of war, terrorism victims    Grand Egyptian Museum opening delayed to Q4    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Egypt discovers three New Kingdom tombs in Luxor's Dra' Abu El-Naga    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt's natural gas market rapidly growing: oil minister
Published in Amwal Al Ghad on 13 - 11 - 2018

Egypt's Petroleum Minister Tarek El-Molla asserted on Monday that the country's natural gas market is rapidly growing, adding that Egypt has the potential to become a regional energy hub.
The minister was speaking at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), which kicked off in Abu Dhabi under the slogan ‘Shaping the Future of the Oil and Gas Industry,' with the participation of 100 representatives from oil ministries around the globe and chief executives of global oil companies.
In a ministerial session titled ‘Reshaping markets and continuing to discuss the world's energy situation,' El-Molla clarified that a number of steps have been taken in this regard, including the formation of a government committee to develop a specific strategy to turn Egypt into a regional power hub, and the issuance of a new natural gas law.
He highlighted a memorandum of understanding (MoU) signed with the European Union (EU) to support a strategic energy partnership, in addition to inking several agreements with neighboring countries such as Cyprus, Jordan and Iraq to maximise the benefits from gas discoveries in the region.
He also cited strong cooperation with Greece in the oil and natural gas industry.
On the technical and trade levels, he added that the country is working on implementing several mega-projects in the areas of refining, petrochemicals and infrastructure to serve the main goal of transforming Egypt into a regional energy hub.
The minister shed light on ongoing cooperation with global oil companies working in gas exploration to make good use of untapped resources in the Mediterranean.
At the economic level, he added that Egypt seeks to utilise its infrastructure to re-export gas after it is liquefied to Europe, which in turn could contribute to increasing the country's revenues.
The minister stressed continued partnership with the EU in the domain of energy to benefit from available opportunities and overcome challenges facing the region.
Cairo could play a role in making a great leap to the use of clean energy in the Eastern Mediterranean region, which will help bring about the objectives of the 2015 Paris Climate Change Agreement, notably the reduction of emissions around the world, the minister noted.
Source: MENA


Clic here to read the story from its source.