Prime Minister Mostafa Madbouly and his Romanian counterpart Nicolae Chuca witnessed the signing of a memorandum of understanding (MoU) between the Egyptian Natural Gas Company (EGAS) and Transgaz, the official operator of the natural gas transportation network in Romania, to enhance joint cooperation in the field of natural gas transportation, the Cabinet announced.

The MoU was signed by EGAS Chairman Magdy Galal and General Manager of Romania’s Transgaz Ion Sterian.

Under the MoU, joint working groups will be formed to discuss issues including European laws, gas market regulations, reforms in the energy sector, and natural gas pricing, Galal noted.

Additionally, Galal said that the MoU signing with Transgaz aims to deepen cooperation between Egypt and Romania in projects to develop the infrastructure for transporting natural gas, as well as to exchange knowledge, skills and technical expertise.

Meanwhile, Minister of Petroleum and Mineral Resources Tarek El Molla met with Chuca and the accompanying delegation to discuss advancing bilateral relations in a number of fields, the most important of which is energy and natural gas, as it is one of the priorities of cooperation between Egypt and Romania.

Chuca expressed his happiness in signing the MoU with Egypt in the field of natural gas, which represents a gateway to achieving broad cooperation in the energy sector.

El Molla explained that the Egyptian oil and gas sector has unique experience in the field of natural gas transportation and extending its networks, especially with the presence of successful models for regional gas transportation with a number of neighboring countries by land and via sea transport.