The Egyptian Electricity Holding Company (EEHC) and the Egyptian Natural Gas Holding Company (EGAS) signed a memorandum of understanding (MoU) with the Italian energy giant Eni to assess the technical and commercial feasibility of green and blue hydrogen production projects in Egypt.
Under the MoU, a study will be conducted to assess joint projects for the production of green hydrogen using electricity generated from renewable energy and blue hydrogen using the storage of CO2 in depleted natural gas fields, according to a statement by the Ministry of Petroleum on Thursday.
The study will also estimate the potential local market consumption of hydrogen and export opportunities.
This agreement is part of Eni’s objective to achieve zero net emissions by 2050 and Egypt’s strategy towards diversifying the energy mix and developing hydrogen projects in collaboration with major international companies.
