Egypt Signs Seven MoUs, Agreements for Sustainability, Emissions Reduction

Egypt Signs Seven MoUs, Agreements for Sustainability, Emissions Reduction

Minister of Petroleum and Mineral Resources Tarek El Molla witnessed the signing of seven memoranda of understanding (MoUs) and agreements between the oil and gas sector and a number of international companies in the field of sustainability and emissions reduction, during COP27.

El Molla stated that the MoUs came as an extension of the efforts launched by the ministry to enhance the capabilities of the Egyptian oil and gas industry and its capabilities in the field of carbon reduction and environmental sustainability of projects, and to benefit from the best experiences and practices provided by international companies in this field.

One MoU was signed between the Egyptian Natural Gas Holding Company (EGAS) and Shell Egypt with the aim of cooperating in establishing a framework for managing greenhouse gas emissions and reducing greenhouse gas emissions from the operations of all EGAS partners. The MoU was signed by Magdy Galal, EGAS’ Chairman, and Khaled Kacem, President of Shell Egypt.

Another MoU was signed between EGAS, SeaSplit Technologies, and General Electric (GE) to remove industrial carbon from the Gulf of Suez. The MoU was signed by Galal, Hussein Mesharafa, CEO of SeaSplit Technologies; and Joseph Anis, President & CEO, Europe, Middle East, and Africa (EMEA), GE Gas Power. Under the MoU, the three companies plan to assess the technical and economic feasibility of developing 1.5 gigawatts of offshore wind energy in the Gulf of Suez and intend to discuss the participation of Egyptian petroleum sector companies in the implementation of the project.

The Egyptian LNG Company and the global Bechtel decarbonization alliance, which includes Enppi, Petrojet and Baker Hughes, signed a feasibility study agreement for the flare gas recovery project with the facilities of the Egyptian LNG Company. The agreement was signed by Mohamed Elbahnasy, President of the Egyptian LNG Company, and Karim El-Dessouky, Bechtel Egypt Country Manager.

Meanwhile, the Egyptian General Petroleum Corporation (EGPC), EGAS, and the French TotalEnergies Marketing Company in Egypt signed an MoU to cooperate with each other in evaluating the technical and economic feasibility of carbon removal solutions in the petroleum sector. The memorandum of understanding was signed by Alaa El Batal, EGPC’s Chairman, EGAS Chairman, Magdy Galal, and Thomas Strauss, Managing Director of TotalEnergies Marketing Egypt.

Additionally, EGAS signed an MoU with Microsoft Egypt to cooperate in developing the sustainability roadmap for EGAS. The MoU was signed with Galal and Mirna Arif, General Manager of Microsoft Egypt.

An initial agreement has been signed between EGAS, the Egyptian Petrochemical Holding Company (ECHEM), and the Japanese Toyota Tsusho Company to cooperate in developing a feasibility study for a project to produce blue ammonia as clean energy in Egypt. The agreement was signed by Galal, Saad Helal, ECHEM’s Chairman, and Tokuji Koyama, General Manager of Energy Infrastructure Projects at Toyota.

Moreover, EGAS signed a contract with the British HiiROC company, and it is related to cooperation in reducing the emission of flare gases, and the zero-emission hydrogen project using the British company’s technology for electrolysis of thermal plasma. The contract was signed by Galal and Tim Davies, CEO of the British company.

Sarah Samir 2901 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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