Minister of Petroleum and Mineral Resources Tarek El Molla held an extensive discussion with Stefan Wenzel, German Deputy Minister of Economic Affairs and Climate Action for Parliamentary Affairs, the Egyptian ministry said in a statement.
Wenzel is currently visiting Cairo at the head of a large delegation of German companies for green energies, technology and infrastructure to discuss steps to activate cooperation with Egypt in the fields of liquefied natural gas (LNG), hydrogen and green energies in light of the memorandum of understanding (MoU) signed between the two sides last November.
The meeting was held in the presence of the German Ambassador to Egypt Frank Hartmann as well as a number of oil sector leaders and representatives of German companies in the delegation accompanying the German deputy minister.
At the beginning of the meeting, El Molla highlighted the importance of this visit, which reflects the strength of relations between the two countries and the extent of the German side’s interest in developing partnership and economic relations with Egypt to include natural gas, green and sustainable energies.
El Molla stated that President Abdel Fattah El-Sisi’s visit to Germany last July focused on opening prospects for cooperation in the field of energy, and extensive discussions took place with German companies in the fields of securing energy supplies and sustainable energies.
The minister added that there are great opportunities and multiple areas for cooperation between Egypt and Germany in joint projects to invest the potential that Egypt enjoys in terms of natural resources such as natural gas and green energies such as hydrogen by attracting many German companies to employ advanced technology in the field of energy and the solutions it possesses for the benefit of both countries.
El Molla highlighted the importance of the MoU signed between the two sides months ago as a basic pillar of cooperation between Egypt and Germany in green energy.
During the meeting, El Molla noted that Egypt is in the process of announcing its national strategy for hydrogen production in the near future.
Meanwhile, Wenzel expressed his happiness to visit Egypt for the second time in a few months and to meet Engineer Tarek El Molla, Minister of Petroleum and Mineral Resources again, after participating in the COP27 in Sharm El Sheikh, pointing out that this summit, in which all countries of the world gathered on the land of Egypt, was an important opportunity to export new hope to the peoples of the world in facing climate change.
For their part, representatives of German companies and institutions working in energy fields and projects reviewed potentials and opportunities for cooperation with Egypt in the fields of liquefied natural gas, hydrogen and green ammonia, stressing that Egypt has promising capabilities and that it is an important supplier of liquefied natural gas.