The Egyptian Natural Gas Holding Company (EGAS) signed a memorandum of understanding (MoU) with Shell Egypt with the aim of cooperating in establishing a framework for managing and reducing greenhouse gas emissions from the operations of all EGAS partners.

Minister of Petroleum and Minera Resources, Tarek El Molla, witnessed the MoU signing by Magdy Galal, EGAS Chairman, and Khaled Kacem, Chairman of Shell Egypt.

Commenting on the signing, Kacem, said “We are very proud to cooperate with EGAS in this initiative, especially since Shell has global expertise in reducing greenhouse gas emissions, and has already contributed to several decarbonization projects in Egypt. We have always been partners with Egypt, and we are committed to supporting the country’s efforts in its path to transform Egypt into a regional energy hub, and its ambitions to decarbonize the petroleum sector.”

The MoU signing came within the framework of COP27 held in Sharm El Sheikh.