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AfrElec POLICY AfrElec

Egypt ready for strategic energy

partnership with Germany

EGYPT EGYPT’S President Abdel Fattah el-Sisi in a of the matter to Europe’s energy security amid
state visit to Germany affirmed his country’s Russia’s reduction of gas supplies to Europe.
full readiness to lay the foundations for a stra- The MoU commits the signatories utilize
tegic partnership with Berlin on energy matters, existing infrastructure to accelerate the export
encompassing long-term natural gas supplies, as and shipment of natural gas to the EU and
well as offering an extended partnership to pro- encourage European companies to invest in
vide clean green hydrogen to Germany and the natural gas exploration and production in Israel
European Union (EU). and Egypt. Existing infrastructure between the
The north African country has ambitious two countries consists of undersea pipelines
plans to transform itself into an energy hub for connecting natural gas production from two
the production and export of clean energy, espe- offshore Israeli fields to the Egyptian natural
cially green hydrogen, solar power and wind gas grid. This enables the liquification of natural
energy. gas (LNG) at Idku and Damietta LNG plants in
Egypt inked a trilateral Memorandum of Egypt, with a total production capacity of 12mn
Understanding (MoU) with Israel and the EU in tons annually.
mid-June to work collectively towards enabling Egyptian natural gas exports to Europe were
the stable delivery of natural gas to the EU that is around 2mn tons in 2021, up from just 270,000
based on the principle of market-oriented pric- the previous year, according to data from S&P
ing. The signing ceremony was attended by the Global Platts. With the MoU, the EU, led by
president of the European Commission, Ursula Germany, is eyeing to secure a growing share of
von der Leyen, highlighting the importance Egypt’s ambitious LNG export supplies. ™

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