Badawi Outlines Egypt’s Strategy to Attract Investment, Secure Local Needs at Gastech 2025

Karim Badawi, the Minister of Petroleum and Mineral Resources, said that the Egyptian government prioritizes creating a stable, attractive investment climate in the oil and gas sector. He mentioned this during his chairmanship of the roundtable session titled ‘Maximizing Egypt’s Natural Gas as a Value-Added Resource’,  which took place as part of the Gastech 2025 Exhibition and Conference in Milan.

Also joined the roundtable was George Papanastasiou, Cypriot Minister of Energy, Commerce and Industry; Osama Mobarez, Secretary General of the East Mediterranean Gas Forum (EMGF), and heads of major international companies.

A comprehensive package of measures, including investment incentives and the settlement of foreign partners’ receivables is also essential, Badawi said. Several new agreements for exploration and increased production were also signed,  and cooperation took place with major international energy companies, particularly in the Mediterranean and the Nile Delta, Badawi noted.

The Minister added that the ministry’s strategy aims to maximize Egypt’s role as a regional energy hub by leveraging the country’s strategic location and infrastructure. He explained that Egypt is ready to receive East Mediterranean gas and re-export it to global markets through the Idku and Damietta LNG complexes. This will enhance regional cooperation and ensuring energy security.

Badawi further asserted that the Ministry’s top priority is meeting the local market’s gas needs by securing supplies for various industries and activities, including the petrochemicals industry, which is a key driver for industrial growth.