A joint Memorandum of Understanding was signed, to promote a joint examination of exporting additional amounts of natural gas in light of the global efforts to reduce greenhouse gas emissions
Joint announcement to the Ministry of Petroleum and Mineral Resources of Egypt and the Energy Ministry of Israel.
At the EMGF meeting in Cairo today, the Egyptian Minister of Petroleum and Mineral Resources, Eng. Tarek El Molla, and the Minister of Energy of the State of Israel, Karine Elharrar, signed a joint memorandum of understanding to examine the potential of exporting additional amounts of natural gas and the possibility of using the pipeline for hydrogen delivery, in the future.
The MOU follows a fruitful and positive cooperation between the two countries in the energy sector in recent years, as part of the close collaboration between the countries while establishing the EMGF and throughout the ongoing Forum different activities.
Natural gas is a transition fuel, leading the way to renewable energy and other clean energy sources. This bilateral cooperation will play a pivotal role in reducing carbon emissions at the whole region by facilitating the development of our natural gas resources.
In recent months a mutual working group of representatives of both countries, was conducting a joint examination for the various possibilities of exporting additional amounts of natural gas. Several successful meetings have already taken place during the recent months both virtually and physically.
Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla: "We are proud of the fruitful joint cooperation to benefit from our natural resources in both countries. We stress the importance of Joint efforts to reduce green house gas emissions to face climate change along with ensuring energy supplies sustainabilty in the region. Natural gas will play a pivotal role during the coming period as a transitional fuel from hydrocarbon fuels to clean energy in light of the global endeavours to reach net zero emissions"
Israel's Energy Minister Karine Elharrar: "We see the Arab Republic of Egypt as an important partner in ensuring regional energy stability and in the effort against the climate crisis. I sincerely thank my friend Tarek El Molla for leading and hosting this important forum and for his willingness to deepen the relations between the two countries in the energy sector."