EU en­ergy com­mis­sioner vis­its Egypt for new strate­gic part­ner­ship

Meet­ings with pres­i­dent, high level of­fi­cials are sched­uled

The Daily News Egypt - - Business - By Ha­gar Omran

Euro­pean Union Cli­mate Ac­tion and En­ergy Com­mis­sioner Miguel Arias Cañete will visit Egypt from 22 to 24 April for a high-level visit, meet­ing with gov­ern­ment of­fi­cials and en­ergy stake­hold­ers, ac­cord­ing to a Fri­day state­ment from the EU del­e­ga­tion to Egypts.

Cañete will meet with Egyp­tian Pres­i­dent Ab­del Fat­tah AlSisi and mem­bers of the Egyp­tian gov­ern­ment, namely Prime Min­is­ter Sherif Is­mail, Min­is­ter of Elec­tric­ity and Re­new­able En­ergy Mo­hamed Shaker, and Min­is­ter of Pe­tro­leum and Min­eral Re­sources Tarek El-Molla, the state­ment added.

Cañete will sign a mem­o­ran­dum of un­der­stand­ing for strate­gic co­op­er­a­tion in en­ergy be­tween the Euro­pean Union and Egypt.

The en­ergy com­mis­sioner will also meet with Euro­pean en­ergy com­pa­nies and open the EU-Egypt Sus­tain­able En­ergy Busi­ness Fo­rum and Ex­hi­bi­tion, said the state­ment.

Mean­while, the state­ment added that an on-site visit to the Zohr on­shore gas fa­cil­ity in Port Said is fore­seen.

“The EU and Egypt are strate­gic part­ners on en­ergy. The po­ten­tial for an even closer en­ergy co­op­er­a­tion be­tween the EU and Egypt is enor­mous, and I hope this visit will her­ald a new phase of closer and more in­tense re­la­tions amongst us,” said Cañete.

The en­ergy com­mis­sioner added that Egypt can lead the way to clean en­ergy tran­si­tion in the East­ern Mediter­ranean and thus con­trib­ute to the Paris Agree­ment’s cli­mate goals and the world­wide de­car­bon­i­sa­tion ef­fort.

“Egypt is be­com­ing an up­com­ing im­por­tant gas and elec­tric­ity hub that can pro­vide en­ergy se­cu­rity for the EU and for the en­tire re­gion. There is much to gain in terms of ac­cess to new sources of en­ergy and mar­ket op­por­tu­ni­ties, for Euro­pean and Egyp­tian cit­i­zens and busi­nesses alike,” noted Cañete.

Cañete said that the EU stands ready to sup­port Egypt in its en­ergy mar­ket re­forms and to boost sus­tain­able en­ergy in­vest­ments.

IS EGYPT BE­COM­ING AN UP­COM­ING IM­POR­TANT GAS AND ELEC­TRIC­ITY HUB THAT CAN PRO­VIDE EN­ERGY SE­CU­RITY

Euro­pean Union Cli­mate Ac­tion and En­ergy Com­mis­sioner Miguel Arias Cañete

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