The Egyptian government will sign a memorandum of understanding (MoU) with the European Union (EU) during the EU energy commissioner’s visit to Egypt in the final week of April 2018, according to the Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, Egypt Oil & Gas reports.
El Molla’s announcement was made during the International Gas Union’s (IGU) Executive Committee meeting, held at Cairo’s Nile Ritz-Carlton Hotel on April 19th.
The minister explained that Egypt is “working closely with the EU on turning Egypt into an energy hub through a number of technical assistant programs and funds”.
El Molla added that the country is “working on numerous bilateral agreements with our neighbors in the region, such as Cyprus, Jordan and Iraq, to maximize the benefit from the gas discoveries in the region”.
The minister congratulated the IGU “for a week full of successful meetings and effective symposiums covering different energy related topics”.
The IGU is a global association aimed at promoting the technical and economic progress of the gas industry. It was founded in 1931.