EU, Egypt talk increasing LNG exports, green hydrogen ahead of COP27
Energy tops the agenda during top EU official’s visit
The EU is looking to up its imports of liquefied natural gas (LNG) from Egypt in the short term — and contribute to building a local green hydrogen production facility in the long term, EU Executive Vice-President Frans Timmermans told Prime Minister Mostafa Madbouly, according to a cabinet statement.
The war in Ukraine has pushed EU countries to accelerate their transition to clean energy and diversify supply, Timmermans said.
EU Executive Vice-President also met with Foreign Minister and COP27 president Sameh Shoukry, Oil Minister Tarek El Molla, Planning Minister Hala El-Said, and Electricity Minister Mohamed Shaker. These were the highlights:
EU + Egypt to sign MoUs on green hydrogen, ammonia production at COP27
The EU is gearing up to sign MoUs on green hydrogen and ammonia production during the COP27 summit in November, Timmermans told El Molla, according to a cabinet statement. The two sides are set to form working groups to further discussions on energy cooperation and prepare the MoUs ahead of the summit.
Egypt and the EU will develop a “Mediterranean Green Hydrogen Partnership”: Timmermans and Shoukry discussed forming the partnership, which they said would work on “hydrogen trade between Africa, Europe, and the Gulf,” according to a joint statement. We don’t have any details yet on what the partnership might look like, but think “East Mediterranean Gas Forum, but for green hydrogen.” The two also discussed COP27 prep, including how to mobilize more climate finance — with the EU expressing interest in investing further to accelerate our green transition.
