Page 16 - DMEA Week 37 2022

DMEA NEWS IN BRIEF DMEA

Uniting energy leaders, global financiers and Europe and renewable energy deployment. growth.
public and private sector executives for four Attended by Mustafa Madbouly, the Prime The discussion also follows Eni playing a
days of networking, AEW 2022 represents the Minister of Egypt and Tarek El-Molla, Egypt’s crucial role in expanding Egypt’s hydrocarbons
perfect platform to sign deals, form partnerships Minister of Petroleum and Mineral Resources, sector in recent years at the back of the discovery
and kickstart new project developments back by the meeting explored how increased co-op- of the Zohr gas field – Egypt’s and Mediterrane-
AFC funding and knowledge. eration between Egypt and Eni can enable the an’s largest gas discovery to date – and various
African Energy Week, September 12 2022 North African country to boost natural gas pro- exploration and infrastructure development
duction and LNG exports to Europe. campaigns.
Eni, Egyptian officials and both producing projects and future dis- Egypt’s gas – secured five new exploration
Leveraging the Damietta liquefaction plant
Recently, Eni – which produces 60% of
discuss gas, LNG exports coveries, Eni has committed to helping Egypt licenses in Egypt’s prolific basins.
expand its oil and gas production and LNG
The Egyptian president and the CEO of Eni
and renewables expansion exports to Europe. also agreed to scale up collaboration in energy
The meeting comes at a time when Europe is efficiency and decarbonisation initiatives with
Abdel Fattah El-Sisi, President of the Arab seeking alternative energy suppliers to replace its the Italian firm agreeing to help the country to
Republic of Egypt and Claudio Descalzi, the traditional and primary gas supplier, Russia, over deploy 10 GW of new solar and wind energy
CEO of Italian major, Eni, met to discuss ways to the Ukraine crisis; and as Egypt seeks to boost capacity in the forthcoming years.
boost Egypt’s natural gas production, exports to hydrocarbon energy monetisation for economic Energy Capital & Power, September 9 2022

P16 www. NEWSBASE .com Week 37 15•September•2022