Minister of Petroleum and Mineral Resources Tarek El Molla witnessed the signing of a feasibility study agreement between Egyptian LNG and the Bechtel-led Coalition for Decarbonization at COP 27, the ministry said in a statement.
The coalition includes Enppi, Petrojet, Baker Hughes, GE Digital, HSBC, and NBE. The agreement was signed by Mohamed Elbahnasy, President of Egyptian LNG, and Karim El-Dessouky, Bechtel Egypt Country Manager.
The study will evaluate the implementation of a zero-flaring system at the Egyptian LNG export terminal (ELNG) in Idku, according to Bechtel.
According to the agreement, the study will assess total routine flaring recovery options by modifying the existing flare and compression systems at the ELNG facility, reducing methane emissions from this strategic regional facility.
“I am so proud that Egypt’s oil and gas sector is contributing significantly to achieving top strategic goals and priorities: accelerating decarbonization and applying state-of-the-art technologies and solutions in this domain,” El Molla said, adding “I am pleased that the sector is collaborating with our partners to take such initiatives and promote these priorities.”
“This initiative is an important part of ELNG’s continuing efforts to deliver operational improvements for our two LNG trains,’’ Elbahnasy commented.
ELNG is a joint venture between Shell, Petronas, EGAS, EGPC and Total Energies.
“This project is a demonstration of our commitment to powering progress by providing more and cleaner energy,” Eng. Khaled Kacem, vice president and country chair of Shell Egypt, noted.
“This project is an excellent example of private and public sector partnership to support Egypt’s decarbonization strategy that will strengthen energy security in the region,” Paul Marsden, President of Bechtel Energy commented.