Page 10 - AfrOil Week 48 2021

AfrOil INVESTMENT AfrOil

The announcement comes just days after the as reduction of water consumption, increase
signing of a 10-point Corporate Commitment in water use efficiency and wastewater man-
charter to climate change and sustainability in agement and early warning and emergency
Kenya by representatives from the private sector, response systems.
including KEPSA, Kenya Climate Innovation The stakeholders also committed to develop-
Centre (KCIC), Kenya Association of Manu- ing products and services that are climate sensi-
facturers (KAM) and development partners, tive to encourage the path toward strengthening
among other stakeholders. climate resilience between local, regional and
Some of the highlights in the charter include international private sector.
the commitment to a reduction of greenhouse KEPSA co-chairs the Partnering for Green
gas (GHG) emissions by at least 5% per annum Growth and Global Goals (P4G) National Plat-
with a base of 2020 in the hope of helping Kenya form with Kenya’s National Treasury and has
achieve its ambition to decrease emissions by catalysed 14 partnerships, both start-up and
32% by 2030. scale-up, to provide market-based solutions for
The signatories agreed to integrate climate combating climate change and realising sustain-
change mitigation and adaptation actions into able development goals in Kenya. The partner-
business models, strategic business plans and ships are currently providing sustainability and
value chains as well as enhancing adaptation climate-oriented solutions in agriculture, water,
investments in operations and value chains such energy, industry and the circular economy. ™

POLICY
Egypt partners with Greece and Israel to

boost natural gas exports

EGYPT EGYPT’S plan to become a regional natural gas
hub has received a boost from the Madbouly
government’s signing of agreements with Greece
and Israel that could help it expand exports to
Europe.
Under a number of memoranda of under-
standing (MoUs) that were inked during the
sixth ministerial meeting of the East Mediterra-
nean Gas Forum (EMGF) in Cairo, Egypt could
import more gas from Israel and use it as feed-
stock for producing LNG and re-exporting to
Greece from the Idku and Damietta LNG plants.
The additional supplies could be channelled
through a new pipeline linking Egypt and Israel,
according to Israeli Energy Minister Karine
Elharrar. The two countries are discussing the
construction of a new $200mn onshore pipe-
line that would connect Israel and Egypt via
northern Sinai. The pipeline could allow Egypt
to import an additional 3-5bn cubic metres per Proposed Eastern Mediterranean gas routes (Image: Israel Ministry of Energy)
year of gas.
The MoU signed between Greece and Egypt addition to the planned link between Cyprus’
will see the two countries work more closely on Aphrodite natural gas field and Egypt, which
LNG marketing and natural gas exploration and would allow Cyprus to export its gas to Europe
production activities in the Eastern Mediterra- via Egypt’s liquefaction facilities. This pipeline
nean, as well as potentially setting up a new sub- is expected to come on stream in 2024 or 2025.
sea pipeline linking the two countries, the Greek Meanwhile, Elharrar and Egyptian Petro-
Energy Ministry said in a press release. The leum Minister Tarek El Molla signed another
agreement will also lay the foundation for Greek MoU on the sidelines of the EMGF summit.
companies to sign agreements with state-owned This document called for increasing gas supplies
Egyptian Natural Gas Holding Co. (EGAS), as for re-export within the framework of working
well as the Greek importer DEPA. together to expand the use of gas to reduce
The Egypt-Greece pipeline would be in greenhouse gas (GHG) emissions in the region.

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