Egypt, Germany sign 2 declarations of intent to cooperate in green hydrogen, LNG fields

CAIRO - 7 November 2022: The Egyptian and German governments signed two declarations of intent to cooperate in the field of green hydrogen and liquefied natural gas (LNG).

 

Minister of International Cooperation, Rania Al-Mashat, along with Minister of Electricity and Renewable Energy, Mohamed Shaker, and Minister of Petroleum and Mineral Resources, Tarek El-Molla, signed a joint declaration of intent for cooperation in the field of green hydrogen between the Egyptian and German governments, with Robert Habeck, German Vice-Chancellor and Federal Minister for Climate Action and Economic Affairs, and State Secretary in the Federal Ministry for Economic Cooperation and Development, Jochen Flasbarth.

 

 

Moreover, Al-Mashat, along with the Minister of Electricity and Renewable Energy, witnessed the signing of a declaration of intent between the Ministry of Petroleum and Mineral Resources in Egypt and the Federal Ministry of Economic Affairs and Climate Action in Germany to cooperate in the field of liquefied natural gas.

 

The declaration of intent was signed by the Egyptian side, Tarek El-Molla, Minister of Petroleum and Mineral Resources, by the German side, Robert Habeck, German Vice-Chancellor and Federal Minister for Climate Action and Economic Affairs.

 

In this regard, Minister of International Cooperation, Rania Al-Mashat, stressed the importance of the two declarations of intent related to cooperation in the fields of green hydrogen and liquefied gas, as the declaration of intent for cooperation in the field of green hydrogen aims to enhance cooperation in the field of green hydrogen and promote sustainable development, and to cooperate for achieving the goals of the Paris Agreement related to reducing greenhouse gas emissions.

 

Al-Mashat added that the declaration of intent for cooperation in the field of liquefied gas export also aims to enhance cooperation between the public and private sectors of both countries in the field of energy, especially liquefied natural gas.

 

The Minister pointed out that the production of green hydrogen is one of the most prominent topics that attract great attention worldwide as one of the fuels that have been decarbonized, and it will have a huge role in the global energy transformation, which is a necessity for developing Renewable energy, environmental protection and reduced carbon dioxide emissions.

 

She drew attention to the projects of the Egyptian national platform of the "NWFE" program, which had previously been coordinated with the Ministry of Environment and various development partners in this regard, in the context of preparations for the Cop-27 Climate Conference.

 

The NWFE Program, launched by the Egyptian Ministry of International Cooperation in July, is a mechanism to promote the implementation of green development projects in the vital sectors of water, food and energy by attracting foreign funds in this regard.

 

Habeck indicated the German side's interest in supporting Egypt in placing its energy supplies on a new basis and accelerating the transition from fossil energies to environmentally friendly energies together, which contributes to advancing the global energy transition and building climate-neutral cross-border energy networks that rely primarily on green hydrogen.

 

“In the short term, the cooperation in the field of Egyptian liquefied natural gas will contribute to further diversifying the energy imports of the Federal Republic of Germany,” Habeck stated.

 

For his part, Flasbarth stated that the Arab Republic of Egypt is an important partner country for German development policy and provides excellent conditions for climate-friendly energy supplies in the future. 

 

He also noted the importance of designing the new global green hydrogen economy in a way that also benefits emerging and developing countries.