Egypt and Germany signed two declarations of intent in the fields of liquefied herbal fuel (LNG) and green hydrogen to help secure blank energy supplies, sustainable progress and the fight against climate change.
The two agreements were signed by video convention through Oil Minister Tareq el Mulla, Minister of Electricity Mohamed Shaker and Minister of International Cooperation Rania el Mashat, as well as German Finance Minister Robert Habeck and Jochen Flasbarth, State Secretary at the German Federal Ministry for Economic Affairs. Cooperation and Development.
Speaking on Friday, the oil minister said the signing of the first declaration of intent on liquefied herbal fuel (LNG) aims at cooperation between the Egyptian and German governments, as well as the two countries’ personal sector in energy trading, showing their commitment. compliance with the obligations of the Paris meteorological agreement.
Mulla stressed the importance of the current statement of intent on green hydrogen to take advantage of Germany’s expertise and cutting-edge technology.
The oil minister added that the signing of the two agreements comes hours before the opening of the United Nations Climate Change Conference (COP27) in the Red Sea hotel city of Sharm el-Sheikh.
He explained that the UN climate convention will see for the first time the inclusion of a carbon relief day to highlight local, regional and carbon reduction successes in the oil and fuels sector.