Egypt Launches EGYPS 2022 Amid Efforts to Transform Cairo into a Regional Energy Hub

Egypt Launches EGYPS 2022 Amid Efforts to Transform Cairo into a Regional Energy Hub

The Egypt Petroleum Show 2022 (EGYPS) kicked off its fifth edition in Cairo with broad international participation, amid rapid steps to transform Egypt into a regional energy hub.

Egyptian gas plays a vital role in securing part of the energy needs of European countries by exporting surplus gas produced from gas fields or imported through the gas liquefaction stations in Idku and Damietta.

It increased Egypt's natural gas exports in light of the rise in global prices.

Egypt's Petroleum Minister Tarek el-Molla announced that the petroleum sector's exports increased 85 percent during the past year to reach about $13 billion.

Molla clarified that the unification of efforts must accompany Egypt's summit hosting.

He asserted that Egypt and African countries are committed to the Paris Agreement and all climate-related agreements, noting that African countries are among the nations that cause the least harmful emissions.

Meanwhile, the International Energy Agency (IEA) CEO, Fatih Birol, announced at the EGYPS 2022 conference that Egypt officially joined the agency as a member.

Birol praised Egypt's remarkable success stories, adding that Egypt, Africa, and the world are at a defining moment in energy and climate.

He affirmed complete support for Egypt in light of its hosting of the COP27 global climate summit and its