{"id":545750,"date":"2022-04-11T04:01:23","date_gmt":"2022-04-11T04:01:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/11\/eu-egypt-talk-boosting-our-lng-exports-green-hydrogen-ahead-of-cop27\/"},"modified":"2022-04-11T04:01:23","modified_gmt":"2022-04-11T04:01:23","slug":"eu-egypt-talk-boosting-our-lng-exports-green-hydrogen-ahead-of-cop27","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/11\/eu-egypt-talk-boosting-our-lng-exports-green-hydrogen-ahead-of-cop27\/","title":{"rendered":"EU + Egypt talk boosting our LNG exports + green hydrogen ahead of COP27"},"content":{"rendered":"

<\/a> Energy tops the agenda in top EU official\u2019s visit:<\/strong> The EU is looking to up its imports of liquefied natural gas (LNG) from Egypt in the short term \u2014 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 in a sit-down yesterday, according to a cabinet statement<\/a>. The war in Ukraine has pushed EU countries to accelerate their transition to clean energy and diversify supply, Timmermans said.<\/p>\n

Timmermans made the rounds yesterday: <\/strong>He 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:<\/p>\n

EU + Egypt to sign MoUs on green hydrogen, ammonia production at COP27:<\/strong> 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<\/a>. The two sides are set to form working groups to further discussions on energy cooperation and prepare the MoUs ahead of the summit.<\/p>\n

Egypt and the EU will develop a \u201cMediterranean Green Hydrogen Partnership\u201d: <\/strong>Timmermans and Shoukry discussed forming the partnership, which they said would work on \u201chydrogen trade between Africa, Europe, and the Gulf,\u201d according to a joint statement<\/a>. We don\u2019t have any details yet on what the partnership might look like, but think \u201cEast Mediterranean Gas Forum, but for green hydrogen.\u201d The two also discussed COP27 prep, including how to mobilize more climate finance \u2014 with the EU expressing interest in investing further to accelerate our green transition.<\/p>\n

Uh, Enterprise? What the [redacted] is green hydrogen? <\/strong>We\u2019ve got your back \u2014 check out this Enterprise Explains column from last year<\/a>.<\/p>\n

War in Ukraine no excuse to shirk climate responsibilities: <\/strong>Shoukry and Timmermans agreed that \u201cthe current geopolitical situation should not lead to a regression or reduction in the level of ambition for climate action, a failure to prioritize climate, or a reduction in the fiscal space available for developing countries.\u201d<\/p>\n

The EU is also working to cooperate with Egypt on solar panel manufacturing<\/strong>, as part of plans to \u201cbuild energy bridges with Egypt, which is a gateway for both renewable and nonrenewable energy,\u201d Timmermans told El Said<\/a>.<\/p>\n

REMINDER- Our nascent green hydrogen and green ammonia industries have been getting a lot of interest from Europe.<\/strong> Norwegian renewable energy giant Scatec is part of a consortium with Nassef Sawiris-backed ammonia producer Fertiglobe and the Sovereign Fund of Egypt to build Egypt\u2019s first green hydrogen plant<\/a> in Ain Sokhna. Scatec also plans to build<\/a> a green ammonium plant in the Suez Canal Economic Zone (SCZone). A number<\/a> of other European firms<\/a> have expressed interest or are in talks with the government to establish hydrogen<\/a> and ammonia projects of their own, while the European Bank for Reconstruction and Development (EBRD) last month signed an MoU<\/a> with the electricity and oil ministries to assess Egypt\u2019s hydrogen production potential.<\/p>\n

OTHER DIPLOMACY NEWS- The day in diplomacy was all about Europe<\/strong>, as President Abdel Fattah El Sisi discussed the war in Ukraine during a phone call with European Commission President Ursula Von der Leyen, according to an Ittihadiya statement<\/a>. The pair exchanged views on how to deal with the energy, food security and supply chain crises triggered by the conflict, the statement read, and agreed to coordinate efforts to tackle the issues going forward.<\/p>\n","protected":false},"excerpt":{"rendered":"

Energy tops the agenda in top EU official\u2019s visit: The EU is looking to up its imports of liquefied natural gas (LNG) from Egypt in the short term \u2014 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 in a 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admin","date":"12 April 2022","format":false,"excerpt":"More COP 27 discussions: Environment Minister Yasmine Fouad discussed preparations for COP 27 with the EU executive vice-president Frans Timmermans yesterday, according to a ministry statement.Timmermans has been in Egypt this week for energy and climate talks with several senior government ministers, with discussions focusing on boosting LNG exports and\u2026","rel":"","context":"In "Diplomacy"","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":550613,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/11\/this-evening-the-eu-could-be-looking-at-a-russian-oil-embargo-soon-aail-plans-egp-500-600-mn-securitized-bond-issuance-by-2023\/","url_meta":{"origin":545750,"position":1},"title":"THIS EVENING: The EU could be looking at a Russian oil embargo soon + AAIL plans EGP 500-600 mn securitized bond issuance by 2023","author":"enterpriseam admin","date":"11 April 2022","format":false,"excerpt":"It\u2019s unfortunately only Monday, ladies and gentlemen, but we\u2019re hoping the rest of the week will go by a bit faster than the first two days have. Not helping matters: It\u2019s a rather slow afternoon on the homefront so far, with no massive news stories to bring your attention to.\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":547932,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/19\/germany-agrees-to-help-develop-egypts-green-hydrogen-industry\/","url_meta":{"origin":545750,"position":2},"title":"Germany agrees to help develop Egypt\u2019s green hydrogen industry","author":"enterpriseam admin","date":"19 July 2022","format":false,"excerpt":"Energy dominated the conversation in El Sisi\u2019s sit-down with German chancellor: Energy, COP27 and the Grand Ethiopian Renaissance Dam (GERD) were all up for discussion yesterday during talks between President Abdel Fattah El Sisi and German Chancellor Olaf Scholz in the German capital.Egypt, Germany to cooperate on green hydrogen: El\u2026","rel":"","context":"In "Diplomacy"","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/193.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":550920,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/12\/green-hydrogen-might-have-its-moment-sooner-than-previously-thought\/","url_meta":{"origin":545750,"position":3},"title":"Green hydrogen might have its moment sooner than previously thought","author":"enterpriseam admin","date":"12 May 2022","format":false,"excerpt":"Green hydrogen might have its moment sooner than previously thought: As gas prices in Europe continue to skyrocket due to Russia\u2019s war in Ukraine, green hydrogen has suddenly emerged as a viable and lucrative substitute that has drawn interest from governments and private players who are moving fast to bring\u2026","rel":"","context":"In "Green economy"","block_context":{"text":"Green economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/green-economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/464.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":576908,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/02\/qatar-is-eyeing-a-usd-1-bn-green-hydrogen-and-ammonia-project\/","url_meta":{"origin":545750,"position":4},"title":"Qatar is eyeing a USD 1 bn green hydrogen and ammonia project","author":"enterpriseam admin","date":"2 November 2022","format":false,"excerpt":"Qatar\u2019s sovereign wealth fund might want in on our green hydrogen ambitions: The Qatar Investment Authority (QIA) is considering investing in a green hydrogen and ammonia project in the Suez Canal Economic Zone, Al Borsa reported yesterday, citing unnamed sources familiar with the matter.What we know: More than USD 1\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/53.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577056,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/08\/somber-warnings-as-world-leaders-summit-kicks-off-at-cop27\/","url_meta":{"origin":545750,"position":5},"title":"Somber warnings as world leaders\u2019 summit kicks off at COP27","author":"enterpriseam admin","date":"8 November 2022","format":false,"excerpt":"COP27 got underway yesterday, with more pressing calls to action to prevent \u201cclimate catastrophe\u201d: World leaders struck a serious and somber note with warnings of \u201cirreversible\u201d climate chaos and calls for cooperation and shared responsibility on the first day of the COP27 leaders\u2019 summit yesterday. Inaugurating the conference, President Abdel\u2026","rel":"","context":"In "COP WATCH"","block_context":{"text":"COP WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/cop-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/124.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/545750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=545750"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/545750\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/545744"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/545751"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=545750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=545750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=545750"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=545750"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=545750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}