Commissioner Miguel Arias Cañete in Egypt for new strategic partnership on energy
He will meet the President of the Egyptian Republic, His Excellency Abdelfatah Al-Sisi, and members of the Egyptian Government, namely the Prime Minister, the Minister of Electricity and Renewable Energy and the Minister of Petroleum and Mineral Resources. On behalf of the Commission he will sign a Memorandum of Understanding for Strategic Cooperation in Energy between the EU and Egypt. The Commissioner will also meet with European energy companies and open the EU-Egypt Sustainable Energy Business Forum & Exhibition. Furthermore, an on-site visit to the Zohr onshore gas facility in Port Said is foreseen.
Ahead of his visit, Commissioner Arias Cañete said:
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. Egypt can lead the way of the clean energy transition in the Eastern Mediterranean and thus contribute to the Paris climate goals and the worldwide decarbonisation effort. Likewise, 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. The EU stands ready to support Egypt in its energy market reforms and to boost sustainable energy investment.