Minister of Petroleum and Mineral Resources Tarek El Molla participated in the opening of the Abu Dhabi International Petroleum Conference and Exhibition “ADIPEC 2021”, one of the largest events for the global energy industry, which is held in the United Arab Emirates (UAE) and runs from 15 to 18 November 2021.

Minister of Petroleum and Mineral Resources Tarek El Molla was a keynote speaker in the opening session of the conference entitled “New Market Dynamics in a Changing Energy World,” which included other speakers such as UAE Minister of Industry and Advanced Technology and ADNOC CEO Sultan Al Jaber, UAE Minister of Energy Suhail Mohamed Al Mazrouei, Saudi’s Minister of Energy Abdulaziz bin Salman and others.

El Molla’s speech tackled how Egypt became one of the most important liquified natural gas (LNG) exporters during the first quarter of the current year. The production of LNG increased to 1 million tons during this period. The minister attributed the success to the discovery of the giant Zohr field and other major gas fields in the Mediterranean. He also stressed Egypt’s commitment and readiness to cooperate and work jointly with other countries to deliver on energy transition, highlighting its hosting of the upcoming COP27 climate summit in Sharm El-Sheikh.

It should be noted that the petroleum sector participates in the exhibition through the Egyptian pavilion, which includes a number of oil companies. The pavilion showcases the potential investment opportunities in the oil and gas industry as wells the capability of Egyptian companies to expand exploration activities outside of Egypt.