El Molla Attends the 5th IEF-EU Energy and Climate Day

El Molla Attends the 5th IEF-EU Energy and Climate Day

The Minister of Petroleum and Mineral Resources, Tarek El Molla, participated in the 5th International Energy Forum of the European Union (IEF-EU) Energy and Climate Day via video conference to promote a safe and sustainable future for clean energy.

El Molla stated that Egypt within a few years succeeded in doubling the rate of natural gas delivery to households to reach more than 12 million residential units, in addition to the expansion of natural gas car conversion. He also ensured that Egypt is engaged in huge international and regional partnerships to achieve a safe future for clean energy. He highlighted as well the East Mediterranean Gas Forum (EMGF) as it is the most important regional initiative in the field of energy with the neighboring countries.

Additionally, El Molla mentioned that Egypt has a pivotal energy partnership with European Union (EU) through the Memorandum of Understanding (MoU) signed in 2018, as well as the cooperation with EU, Germany, and Belgium to develop a strategy for hydrogen usage to export it to Europe.

El Molla added that Egypt is diversifying its energy mix by implementing several projects for solar and wind energy, pointing out that the country aims by 2030 to reach 42% of renewable energy in the energy mix.

The meeting was attended by Abdulaziz bin Salman Al Saud, the Minister of Energy of Saudi Arabia, Tinne van der Straeten, the Minister of Energy in Belgium, Franciscus Timmermans, the Vice President of the European Commission, and Joseph McMonigle, the Secretary General of the IEF.


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