Egypt : EU supports Egypt to become major hub of energy in Mediterranean, Middle East
- 18 May 2022 / News / 73 / Fares RAHAHLIA
CAIRO – 17 May 2022: European Union Ambassador to Cairo Christian Berger told the Middle East News Agency (MENA) Tuesday that the union supports Egypt to become a major hub of energy in the Middle East, North Africa, and Mediterranean, given its diverse energy resources.
Berger noted that the cooperation between Egypt and the union in the energy sector is good, showcasing that the EU is an observer at the East Mediterranean Gas Forum.
The European diplomat pointed out that gas exports to Europe is a salient matter in light of the continent's endeavors to diversify the sources of gas supplied to its territories.
The envoy explained that Egypt and Cyprus will become quite significant in that framework, disclosing the presence of ongoing negotiations between Egypt and member states on that front.
The ambassador added that the EU is also particularly interested in solar energy, and green hydrogen. Further, he stipulated that the concept of energy efficiency is essential to combating climate change.
Berger showcased in his speech at the 2022 International Conference on Energy Power and Energy Chemistry (EPEC 2022) the cooperation between the EU and Egypt in the oil and gas sector.
Such partnership is focused on capacity building, and merging EU grants with loans provided by the European financial institutions to fund infrastructure projects in the sector.
Ambassador Berger highlighted that the EU is a participant in the presidential initiative aimed at introducing natural gas in 2.3 million households free of charge. The union is also taking part in upgrading Suez Oil Refinery, which is the oldest in the country and that currently employs 6,000 individuals.
The ambassador concluded by underlining the EU's backing to Egypt in the sectors of green economy, and sustainable energy.
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