During the conference of announcing the details of the joint project funded by the European Union, the French Development Agency and the World Bank to contribute in the delivery of natural gas to homes in the neediest areas. During the conference of announcing the details of the joint project funded by the European Union, the French Development Agency and the World Bank to contribute in the delivery of natural gas to homes in the neediest areas.

EU provides Egypt €68M grant to deliver gas to needy homes

Mon, Apr. 23, 2018
CAIRO – 23 April 2018: The European Union provided Egypt a grant that is worth €68 million ($83 million), to finance the provision of a portion of the gas delivery fees to the homes of the neediest families, benefiting about 500 low-income families, in cooperation with the Ministry of Social Solidarity.

Minister of Petroleum Tarek El-Molla clarified that this grant will cover the technical support to implement the required reforms of the Egyptian energy sector.

Molla further added that the grant will also support the establishment of the Enterprise Resource Planning (ERP) system in the Natural Gas Holding Company (EGAS), in order to connect the entire sector together as a single entity to facilitate decision making.

This came during the conference of announcing the details of the joint project funded by the European Union, the French Development Agency and the World Bank to contribute in the delivery of natural gas to homes in the neediest areas, in cooperation with EGAS under the slogan "Towards clean energy for all Egyptians".

The minister said that natural gas is the perfect source of energy to meet a large part of the domestic demand for energy, as almost all vital sectors rely on gas usage, especially the electricity, industry, transport, petrochemicals and domestic sectors.

He noted that the ministry has delivered about 8.6 million homes with natural gas since 1980, adding that about 30 percent of them were delivered during the last four years.

For its part, European Union Commissioner for Climate Action and Energy Miguel Arias Cañete praised the development that the gas sector is witnessing in Egypt, pointing out that natural gas plays a pivotal role in the energy scene in Egypt.

Cañete stressed on the EU’s commitment to continue supporting Egypt in the face of economic and social challenges, especially in the energy sector, through providing financial and technical support to Egypt to implement the required reforms in this vital sector.

He added that the cooperation between Egypt and the EU will evolve in the upcoming period in light of the signing of a memorandum of understanding during his visit to Cairo on the strategic partnership in the fields of energy.

Minister Molla announced earlier that Egypt will sign an oil and gas agreement with the European Union during the visit of the European Union commissioner for energy affairs to Egypt.
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