Minister of Petroleum and Mineral Resources Karim Badawi took part in signing the MoUs at the Mediterranean Offshore Conference (MOC).
The MOC, held under the patronage of the petroleum ministry and in collaboration with IES Group and the Society of Petroleum Engineers (SPE), is a leading technical platform that links and addresses all regional energy activities, bringing relevant stakeholders to explore the vast energy potentials the Mediterranean region holds.
The agreements focus on enhancing key areas including operational safety, energy efficiency, decarbonization, and natural gas and hydrogen transportation.
During the conference, the Egyptian Natural Gas Holding Company (EGAS) signed an agreement with the Greek company DESFA to study carbon capture and storage technologies.
Moreover, the Egyptian Natural Gas Company (GASCO) signed an MoU with DESFA to enhance cooperation in natural gas and hydrogen transportation; carbon dioxide capture, transportation, and storage; and sustainable energy between Egypt and Greece.
This includes exchanging expertise and technical knowledge regarding gas and hydrogen infrastructure and carbon dioxide and studying joint investment opportunities.
Additionally, GASCO signed a cooperation agreement with the American company BakerRisk to enhance operational safety, energy efficiency, and decarbonization efforts. The Egyptian General Petroleum Corporation (EGPC) also partnered with Shell to strengthen leadership training in health and safety practices.
