On the sidelines of the East Mediterranean Gas Forum’s (EMGF) ministerial meeting, Minister of Petroleum and Mineral Resources Tarek El Molla has agreed with the European Commissioner for Energy Kadri Simson to cooperate and follow up on the progress of implementing the tripartite memorandum of understanding (MoU) that Egypt has signed with Israel and EU to boost natural gas exports to Europe.
In attendance of the EU Ambassador to Egypt Christian Berger, both sides praised the signing of the MoU. For his part, El Molla said that this MoU will push international companies to accelerate natural gas development and production operations in the East Mediterranean region.
In addition, the meeting involved discussions regarding the execution of the country’s energy transition and carbon emissions reduction strategies. The minister affirmed Egypt’s efforts in this regard, in addition to its efforts to diversify the energy consumption mix. He noted that Egypt is currently updating a strategy to include the use of hydrogen as a clean fuel.