An Egyptian-Greek agreement to capture and store carbon at the EGPS 2025 conference
Egyptian-Greek agreement for carbon capture and storage at the EGPS 2025 conference
The energy sector is witnessing rapid transformations that require international cooperation to enhance resource sustainability and develop modern technologies that support the transition towards a low-carbon economy. In this context, the Egyptian Ministry of Petroleum and Mineral Resources and the Greek Ministry of Environment and Energy signed a memorandum of understanding during the activities of the Egypt International Energy Conference “EGYPS 2025”, whose activities began on February 17 and will continue until the 19 of the same month.
In this article,Earth Guards highlights the importance of this agreement and its role in supporting efforts to reduce emissions, regional cooperation in the field of energy, and the prospects for international cooperation between Egypt and Greece, especially in light of the global trend towards more sustainable energy solutions, and reducing thecarbon footprintof various industrial activities.
Details of the agreement and its objectives
The agreement was signed by Engineer Karim Badawy, “Minister of Petroleum and Mineral Resources,” and Minister Theodoros Skylakakis, “Greek Minister of Environment and Energy.” It aims to exchange experiences in carbon capture and storage technologies, and develop a regulatory framework for these activities in accordance with environmental standards. To ensure the safe and effective use of these technologies, reduce carbon emissions, and enhance the efficiency of resource use.
The agreement includes studying the technical feasibility of carbon capture and storage projects, preparing applicable economic models, in addition to examining the potential uses of carbon dioxide in other applications that support the transition towards a sustainable economy.
Egypt is a regional energy center
This agreement comes within Egypt’s efforts to adopt environmentally friendly solutions in the energy sector. This reflects its commitment to global strategies supporting the transition towards clean energy and reducing the environmental impacts of various economic activities, as Engineer Karim Badawi explained that Egypt has great potential that makes it a pivotal center for energy trade in the Eastern Mediterranean.
He pointed out that the Ministry of Petroleum’s strategy aims to take advantage of Egypt’s distinguished geographical location, in addition to its advanced infrastructure, to enhance its role as a regional energy center. To be a center for the production of renewable and green energies, in addition to being a center for the production of petrochemicals, as the fourth axis of the ministry’s strategy supports this trend by diversifying the energy mix, increasing renewable energies, and entering the fields of green hydrogen and its derivatives, which in turn leads to benefiting from gas in economic aspects.
The Egyptian Minister of Energy stressed the importance of relying on all sources, with a focus on producing traditional fuels from oil and gas using environmentally responsible methods, with the lowest possible carbon emissions. This reinforces Sustainable Development Goal 12 on responsible consumption and production.
Energy security and global competitiveness
In the same context, the EGPS 2025 conference witnessed a ministerial session with the participation of energy ministers from Egypt, Greece, Cyprus, Nigeria, Yemen, and Tunisia, where they discussed ways to enhance energy security and global competitiveness, cooperate on developing infrastructure, and deal with the challenges associated with energy markets, in addition to reviewing the strategies of different countries to ensure the sustainability of their resources, and reduce economic fluctuations resulting from changes in global energy prices.
During the session, the Cypriot Minister of Energy pointed out the importance of cooperation with Egypt in developing natural gas investments, and benefiting from its advanced infrastructure in this sector. While the Greek Minister of Environment and Energy reviewed his country’s efforts to achieve self-sufficiency in electricity and its transformation from an importer to an energy source, which reflects the common trend of the countries of the region towards enhancing cooperation in the energy sector.
In conclusion,Earth Guards believes that these efforts represent an effective model in promoting sustainability, as the development of clean energy technologies contributes to reducing emissions, protecting resources, and supporting local economies, and these international partnerships are a step towards a more balanced future between environmental and economic needs, and provide a solid foundation for sustainable growth in the energy sector.
