GECF Workshop Reviews Opportunities, Challenges of Global Gas Industry

GECF Workshop Reviews Opportunities, Challenges of Global Gas Industry

A workshop held on the sidelines of the Gas Exporting Countries Forum (GECF) meeting in Cairo under the title “GECF Global Gas Model and Accelerated Energy Transition” discussed the opportunities and challenges witnessed by the global natural gas industry in light of the current circumstances.

During his speech, the Minister of Petroleum and Mineral Resources Tarek El Molla highlighted the importance of Egypt’s hosting of the GECF, affirming the strong relations between Egypt and the forum which represents a platform for exchanging ideas regarding the global gas industry.

The minister affirmed the need to provide energy resources in more responsible ways and environment friendly with minimum impact on climate and environment.

El Molla emphasized the history as well as the role of natural gas, especially at the current time, showcasing the Egyptian achievements in using natural gas in households and as fuel for vehicles.

Additionally, the minister mentioned Egyptian efforts to become a regional energy hub and the commercial partnership to trade natural gas to the European markets. He confirmed the importance of the recommendations that come out from the workshop which can be used in the next meeting to be built on.

For his part, the Secretary General of GECF, Mohamed El Hamel, affirmed the necessity of holding the forum in light of the current crisis expressing his appreciation to Egypt for hosting the forum.


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