The Minister of Petroleum and Mineral Resources, Tarek El Molla, met with the CEO of Engie, Philip Olivier, to discuss Engie’s participation in Egypt’s liquefied natural gas (LNG) market, Egypt Oil & Gas reports.
They also discussed the new gas regulatory law and how it will encourage foreign direct investment (FDI).
Olivier noted that the Egyptian oil and gas industry enjoys a comparative advantage because of its promising possibilities and the government’s commitment to creating an attractive investment climate.
In 2016, Engie agreed to provide LNG to Egypt. It has also partnered with Egypt in the construction of the infrastructure at the EDCO liquefaction plants.
The Head of the Egyptian Natural Gas Holding Company (EGAS), Ossama El Bakly, also attended the meeting.