{"id":74613,"date":"2022-11-02T01:54:46","date_gmt":"2022-11-02T01:54:46","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2022\/11\/02\/egypts-energy-hub-ambitions-take-shape-mubadala-energy-to-set-up-regional-hq-in-cairo\/"},"modified":"2022-11-02T01:54:46","modified_gmt":"2022-11-02T01:54:46","slug":"egypts-energy-hub-ambitions-take-shape-mubadala-energy-to-set-up-regional-hq-in-cairo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2022\/11\/02\/egypts-energy-hub-ambitions-take-shape-mubadala-energy-to-set-up-regional-hq-in-cairo\/","title":{"rendered":"Egypt\u2019s energy hub ambitions take shape + Mubadala Energy to set up regional HQ in Cairo"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>Egypt pushes its energy hub ambitions in the UAE:<\/strong> Egypt\u2019s Oil Minister Tarek El Molla highlighted moves to turn Egypt into a natural gas import and re-export hub as regional energy ministers met at the Adipec expo in Abu Dhabi, according to a cabinet <a href=\"https:\/\/bit.ly\/3Fz2i4w\">statement<\/a>. Egypt is looking to cooperate with the US, the EU, and regional powers to become a major player in the global natgas market, El Molla said, pointing to the work of the East Mediterranean Gas Forum and a <a href=\"https:\/\/enterprise.press\/stories\/2022\/06\/16\/egypt-israel-and-the-eu-sign-gas-export-agreement-73872\/\">recent pact<\/a> to import and process Israeli gas for re-export to Europe. El Molla also called on international financial institutions to offer concessional financing for gas research and exploration in the region, especially in the eastern Mediterranean.<\/p>\n<p><strong>Mubadala Energy incoming:<\/strong> The UAE\u2019s Mubadala Energy (formerly known as <a href=\"https:\/\/www.facebook.com\/EgyptMOP\/posts\/pfbid0f1EGUDEhtd47PsrXNaXgPAEjVWwP6ck4eDq3znPkiZ1C96ZxfFuw4PkMYN13Jbv2l\">Mubadala<\/a><a href=\"https:\/\/www.facebook.com\/EgyptMOP\/posts\/pfbid0f1EGUDEhtd47PsrXNaXgPAEjVWwP6ck4eDq3znPkiZ1C96ZxfFuw4PkMYN13Jbv2l\">Petroleum<\/a>) will set up a regional HQ in Egypt and wants to invest in the country\u2019s LNG and renewables sectors, CEO Mansoor Al Hamed said, according to a <a href=\"https:\/\/www.facebook.com\/EgyptMOP\/posts\/pfbid0f1EGUDEhtd47PsrXNaXgPAEjVWwP6ck4eDq3znPkiZ1C96ZxfFuw4PkMYN13Jbv2l?__cft__[0]=AZXc_lsiVdi84ZMePSzUTywSoiAFpzlrnA1ylfF_dyTs3PNgf2Ww9oSdItHqBkeTvqABErQN96iANtxqEkQtzFFE7hVJpFL6jqZ2cOYzEQLasLTPPXg7bb58u4J0yJcHlyaLa7cKAuY23ezC4x49JpYSfZUWI2o-D8QodLJtaIi7Ux2B55Qo2cf9CzXlPXMpuR8&__tn__=%2CO%2CP-R\">statement<\/a> from Egypt\u2019s cabinet. Al Hamed\u2019s comments came during a meeting with El Molla on the sidelines of the Adipec conference.<\/p>\n<p><strong>MORE ENERGY NEWS- <\/strong><\/p>\n<p><strong>Egypt\u2019s Suez Cement is investing<\/strong> <strong>USD 25 mn in the <\/strong><strong><a href=\"https:\/\/www.suezcement.com.eg\/en\/WasteHeatRecoveryProject\">waste heat recovery facility<\/a><\/strong><strong> at<\/strong><strong> its Helwan plant<\/strong>, <a href=\"https:\/\/bit.ly\/3DKy0cP\">Al Mal<\/a> reports. The plant will use excess heat from production lines to generate 20 MW of power, replacing 30% of the plant\u2019s electricity needs.<\/p>\n<p><strong>Intro Power is pouring more into Egypt\u2019s renewables sector:<\/strong> Intro Group subsidiary Intro Power and Utilities\u2019 renewables investments in Egypt will reach USD 80 mn by the end of the year CEO Hani Helali reportedly told <a href=\"https:\/\/bit.ly\/3TUN3aB\">Al Mal<\/a>. The company is currently in negotiations with three unspecified banks to secure a USD 12 mn loan to cover some of its investment costs, Helali is quoted as saying.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt pushes its energy hub ambitions in the UAE: Egypt\u2019s Oil Minister Tarek El Molla highlighted moves to turn Egypt into a natural gas import and re-export hub as regional energy ministers met at the Adipec expo in Abu Dhabi, according to a cabinet statement. Egypt is looking to cooperate with the US, the EU, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":74614,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[500],"tags":[40,249,11,1201,50,525,1200],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-74613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-egypt","tag-energy","tag-enterpriseclimate","tag-intro-power","tag-mubadala","tag-sp-global","tag-suez-cement-group","wpautop","entry"],"acf":{"mongo_id":"af61bbd1-13d9-46c6-8c4b-4da56065fd49","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/10\/479.jpg","photo_position":"above","related_issue":[74602],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt\u2019s energy hub ambitions take shape + Mubadala Energy to set up regional HQ in Cairo - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2022\/11\/02\/egypts-energy-hub-ambitions-take-shape-mubadala-energy-to-set-up-regional-hq-in-cairo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s energy hub ambitions take shape + Mubadala Energy to set up regional HQ in Cairo\" \/>\n<meta property=\"og:description\" content=\"Egypt pushes its energy hub ambitions in the UAE: Egypt\u2019s Oil Minister Tarek El Molla highlighted moves to turn Egypt into a natural gas import and re-export hub as regional energy ministers met at the Adipec expo in Abu Dhabi, according to a cabinet statement. Egypt is looking to cooperate with the US, the EU, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2022\/11\/02\/egypts-energy-hub-ambitions-take-shape-mubadala-energy-to-set-up-regional-hq-in-cairo\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-02T01:54:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/479.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/11\/02\/egypts-energy-hub-ambitions-take-shape-mubadala-energy-to-set-up-regional-hq-in-cairo\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/11\/02\/egypts-energy-hub-ambitions-take-shape-mubadala-energy-to-set-up-regional-hq-in-cairo\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt\u2019s energy hub ambitions take shape + Mubadala Energy to set up regional HQ in Cairo\",\"datePublished\":\"2022-11-02T01:54:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/11\/02\/egypts-energy-hub-ambitions-take-shape-mubadala-energy-to-set-up-regional-hq-in-cairo\/\"},\"wordCount\":312,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/11\/02\/egypts-energy-hub-ambitions-take-shape-mubadala-energy-to-set-up-regional-hq-in-cairo\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/10\/479.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Egypt\",\"energy\",\"EnterpriseClimate\",\"Intro Power\",\"Mubadala\",\"S&amp;P Global\",\"Suez Cement Group\"],\"articleSection\":[\"ENERGY\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2022\/11\/02\/egypts-energy-hub-ambitions-take-shape-mubadala-energy-to-set-up-regional-hq-in-cairo\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2022\/11\/02\/egypts-energy-hub-ambitions-take-shape-mubadala-energy-to-set-up-regional-hq-in-cairo\/\",\"name\":\"Egypt\u2019s energy hub ambitions take shape + Mubadala Energy to set up regional HQ in Cairo - 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