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EU energy commissioner due in Egypt on Sunday to ink MoU

European Union Climate Action and Energy Commissioner Miguel Arias Cañete will embark on a three-day visit to Egypt on Sunday, according to the EU.

During the visit, he will sign a Memorandum of Understanding for Strategic Cooperation in Energy between the EU and Egypt

While in Egypt, he will hold talks with government officials and energy stakeholders.

He will meet Egyptian President Abdel Fattah El-Sisi and members of the Egyptian government, topped by the prime minister as well as the ministers of electricity and renewable Energy and petroleum and mineral resources.

The commissioner will also meet with European energy companies and open the EU-Egypt Sustainable Energy Business Forum and Exhibition due to be held in Cairo on Monday.

Furthermore, an on-site visit to the Zohr onshore gas facility in Port Said is foreseen.

The visit is a key element of the external dimension of the Energy Union, a political priority of the Juncker Commission.

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 decarburisation 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.” 

 

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