Egyptian Gas Association and France Gaz join forces

The Egyptian Gas Association (EGA) and France Gaz announced the signing of a landmark Memorandum of Understanding (MoU) to advance their cooperation in the fields of gas and energy transition. The MoU, signed on the sidelines of France Gaz's celebrations of the 150th anniversary of its founding, marks a significant milestone as Egypt is the only country invited to formalize such an agreement during this event.

This strategic partnership outlines the framework for collaboration in areas of common interest, with a focus on the development and deployment of technologies for the energy transition, the evolution and expansion of the green gas market, and the collaborative vision and strategies to achieve carbon neutrality by 2050. Specific cooperation projects within these fields will be negotiated separately, with detailed agreements defining the respective rights and obligations of each Party. The exchange of information and sharing of experiences will be fundamental to the success of this MoU.

Eng. Tarek El Molla, Egypt's Minister of Petroleum and Mineral Resources, emphasized the strategic importance of this MoU, stating: "This partnership with France gaz is a testament to Egypt's commitment to sustainable energy solutions. By leveraging our combined expertise, we aim to accelerate our progress towards a greener future, fostering innovations that will benefit both our nations and the global community."

For his part, Eng. Khaled Abubakr, Chairman of the Egyptian Gas Association, highlighted the collaborative spirit of the MoU, remarking: "The exchange of knowledge and expertise between our associations will drive forward our shared vision of a sustainable energy landscape. This agreement will pave the way for specific cooperation projects that address critical aspects of the energy transition and promote the development of green gas technologies."