Page 14 - AfrOil Week 50 2022

AfrOil PROJECTS & COMPANIES AfrOil

BP signs MoU with Egypt for

potential green hydrogen facility

EGYPT BP (UK) has signed a memorandum of under- Hydrogen is identified as one of BP’s five
standing (MoU) with Egypt to explore the energy transition growth engines. Globally, BP
potential for establishing a new green hydrogen is working on a significant and growing portfo-
production facility in the country. The MoU lio of options for the development of green and
was signed by BP, Egypt’s New and Renewa- blue hydrogen projects in advantaged markets
ble Energy Authority, the Egyptian Electricity worldwide.
Transmission Company, the General Author- BP has a long track record in Egypt, having
ity for Suez Canal Economic Zone and the invested more than $35bn in hydrocarbon pro-
Sovereign Fund of Egypt for Investment and jects in the country over tha last 60 years. It oper-
Development. ates the major West Nile Delta development,
Under the terms of the MoU, BP will carry which currently produces around 900mn cubic
out several studies to evaluate the technical and feet per day of natural gas and 27,000 barrels per
commercial feasibility of developing a mul- day (bpd) of gas condensate.
ti-phase, large scale green hydrogen export hub The super-major has a strong presence in
in Egypt. It plans to consider high-potential the East Nile Delta through its Pharaonic Petro-
locations across Egypt as part of the feasibility leum Co. (PhPC) joint venture and other part-
study, targeting best-in-class resources. nerships. PhPC is a major gas producer, with
Egypt’s geographic location at the juncture of current average production of around 450mn
trade routes between Asia, Europe and Africa is cubic feet (12.74 mcm) per day as well as around
ideal for putting up large scale green hydrogen 10,000 bpd of condensate.
production facilities. Green hydrogen is pro- Together with its partners, BP currently pro-
duced by the electrolysis of water, powered by duces around 70% of Egypt’s gas. ™
renewable energy.

Chariot secures long-term gas

sale deal for Anchois project

MOROCCO AFRICA-FOCUSED energy group Chariot
said it had signed an initial agreement with the
Moroccan government covering long-term
natural gas sales from the Anchois site offshore
Morocco.
According to a statement dated December
12, the deal is a step towards a final and formal
gas agreement, and the group says a framework
and timetable have been settled for the conclu-
sion of such an accord.
The deal calls for the delivery of 60mn cubic
feet (1.7mn cubic metres) per day of gas on a
“take-or-pay” basis over a period of 10 years, the
company said.
The gas will be pumped through the Gaz The pipeline will carry the gas to local power plants (Image: Chariot)
Maghreb-Europe (GME) pipeline to existing
power generation facilities, it said. Abderrahim El Hafidi, head of the national
“The deal is a notable step forward for us in Moroccan energy group ONEE, said Anchois
our journey towards gas production and under- will be an important source of domestic gas
pins the project development plan and financ- production “that will initially feed directly into
ing,” Chariot’s CEO Adonis Pouroulis said. ONEE’s power plants” via GME.

P14 www. NEWSBASE .com Week 50 15•December•2022