Madbouly Talks Gas, Green Hydrogen Vision Amid Global Economic Crisis

Madbouly Talks Gas, Green Hydrogen Vision Amid Global Economic Crisis

Prime Minister Mostafa Madbouly stated that Egypt exports part of the natural gas it produces and receives gas from neighboring countries in order to create an added value for it.

Madbouly’s notes came during a global press conference  to announce the state’s vision to deal with the current global economic crisis.
Egypt has transported 4.6 billion cubic meters (bcm) of natural gas for exports during fiscal year (FY) 2020/21, according to the Central Agency for Public Mobilization and Statistics (CAPMAS)’s annual bulletin on petroleum products’ means of transportation and natural gas in Egypt 2020/2021.

During the press conference, Madbouly pointed out that cooperation agreements were signed in the field of investment for green hydrogen projects, and within 15 years, Egypt will be a center for green hydrogen production.

This comes as a few days back, the Suez Canal Economic Zone (SCZone) announced signing six memoranda of understanding (MoUs) for green hydrogen and green ammonia projects with major international companies and alliances. The MoUs will help establish industrial facilities and complexes in the Sokhna area to produce green fuel and use it for ship catering purposes or export to foreign markets.

Sarah Samir 2790 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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