El Molla: Natural Gas Comprises 65% of Egypt’s Hydrocarbon Consumption

El Molla: Natural Gas Comprises 65% of Egypt’s Hydrocarbon Consumption

Adopting natural gas as a clean alternative in the country’s energy transition, Egypt’s use rate for natural gas reached 65%, compared to 35% for other hydrocarbon sources, Minister of Petroleum and Mineral Resources Tarek El Molla declared.

El Molla’s remarks came during his participation in the meeting organized by the American Chamber of Commerce in Cairo with the delegation of American institutions working in the field of green energy investment (Greentech), who are currently visiting Egypt.

This comes as all power stations were converted to work with gas while maximizing its use in homes and as a fuel for cars. The minister highlighted the ambitious goal set by Egypt to maximize the use of renewable energies in power generation, and how all these efforts aim to reduce emissions and bring them to acceptable levels.

El Molla highlighted the importance of the meeting with the US delegation especially within the framework of the joint preparation for the upcoming COP27, hosted by Egypt. The minister also pointing to the depth of the Egyptian-American partnership relations, especially in the field of energy, which extended for many years, as American companies invest in the oil and gas sector in Egypt.

The meeting was attended by Ambassador David Thorne, advisor to the US Presidential Envoy for Climate, Khush Choksy, Senior Vice President of the Chamber of Commerce, and David Chi, Vice-President of Apache Corporation and Country Manager for Apache in Egypt as well as the Executive Vice President of the American Chamber of Commerce, along with representatives of the chamber and other US companies.

Sarah Samir 2746 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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