Egypt, Greece Discuss Opportunities for More Energy Cooperation

Egypt, Greece Discuss Opportunities for More Energy Cooperation

Minister of Petroleum and Mineral Resources Tarek El Molla met a Greek economic delegation from the American-Hellenic Chamber of Commerce (AmCham Greece), chaired by its President Nikolaos Bakatselos, during which El Molla affirmed the importance of enhancing mutual cooperation in energy.

In the meeting, the minister addressed a number of topics related to strengthening cooperation between Egypt and Greece which will be intensively studied during the coming period.

He elaborated that one of these topics is the trade of liquefied natural gas (LNG) which can open new horizons for cooperation in transporting, shipping, and marketing LNG from Egypt to the middle of Europe, Bulgaria, and Romania via Greece as it is the gate for this market. This is in addition to the cooperation in marine transporting for petroleum products and LNG. 

Moreover, El Molla called for studying cooperation in the petrochemicals field and to get benefits from the equipment and technologies provided by the Greek companies to recycle plastics and reduce consumption through the projects of this sector. He also called for cooperation in mining especially green minerals which have a key role in the energy transition. 

El Molla praised the efforts of the American Chambers of Commerce in Egypt, Greece, and Washington and its interest in holding platforms for exchanging visions and encouraging cooperation. 

For his part, Bakatselos expressed his pleasure for his visit to Egypt noting the amazing progress and development taking place in Egypt. He invited the minister to attend the opening of the LNG port in Greece in September 2023.



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