FILE - Minister of Petroleum Tarek El-Molla
CAIRO - 22 May 2018: Petroleum Minister Tareq el Molla discussed with Director of Natural Resources at the European Bank for Reconstruction and Development (EBRD) Eric Rasmussen and his accompanying delegation turning Egypt into a regional gas trading hub.
During their meeting, Molla asserted deeply-rooted ties between the two sides, saying they shared common vision and action programs aiming at promoting sustainable development and developing environmental standards in the various fields of oil and gas industry in Egypt.
The two sides also discussed the outcome of economic reforms that positively contributed to achieving good economic indicators in the recent period.
They also mulled the implementation of a project on handling emissions from oil and gas production operations.
Talks also took up EBRD's financial contribution to a project to expand the use of compressed natural gas (CNG) as a fuel for vehicles in Egypt. Compressed natural gas (CNG) (methane stored at high pressure) is a fuel which can be used in place of gasoline, Diesel fuel and propane/LPG.
For their part, the EBRD officials extolled Egypt's potentials, expressing their full support for this project that will provide alternative sources of energy to secure gas supplies to European countries.
Comments
Leave a Comment