HELD UNDER THE PATRONAGE OF HIS EXCELLENCY ABDEL FATTAH EL SISI, PRESIDENT OF THE ARAB REPUBLIC OF EGYPT
SHOW DAILY 19 - 21 FEBRUARY 2024 EGYPT INTERNATIONAL EXHIBITION CENTER
DAY THREE
Visit us at Stand Number
SUPPORTERS
3B50
Hall 3
EXPANDING ENERGY COMMITMENTS: PIONEERS GEAR UP FOR AN EVOLVING ECOSYSTEM
T
he EGYPES 2024 Strategic Conference, themed “DRIVING ENERGY TRANSITION, SECURITY AND DECARBONISATION,” closed with a powerful message from Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla. He stressed the critical need for a diversified energy mix, including both fossil fuels and new renewable energies. El Molla argued that Egypt, along with African and similar developing nations, has the right to leverage its resources to achieve a just and inclusive energy transition. This transition, he emphasised, must prioritise meeting the country’s development goals, population growth, and rising energy demands.
H oweve r, h e un d e rsco re d th e importance of considering development needs, population growth, and energy demands. Stating that “up to 90% of electricity relies on fossil fuels,” he emphasized the right of Egypt, Africa, and similar developing nations to utilize their resources responsibly for an “inclusive energy transformation.”
El Molla, underscored the clear need for diverse energy sources, including fossil fuels and new renewable energies, stating, “Investing in the petroleum and gas industry while committing to reducing carbon emissions and improving production processes exemplifies the industry’s dedication to development.”
“During the Sharm El-Sheikh and Dubai summits, the petroleum and gas industry highlighted its progress, commitment, and projects to achieve environmental compatibility, energy conser vation , and production environment improvement,” El Molla added.
Minister El Molla emphasized the need for a balanced approach to energy transition at the EGYPES conference. He cited Egypt’s proposal for a “Carbon Removal Day” at the COP27 summit as a testament to their commitment to climate action. Additionally, he highlighted the petroleum and gas industry’s progress in environmental compatibility, energy conservation, and improving production environments, showcased at the Sharm El Sheikh and Dubai summits.
El Molla stressed the importance of natural gas as a clean fuel and a reliable option in achieving the energy transition, emphasising the state’s commitment to maximising expenditure on expanding natural gas delivery to citizens’ homes. This effort aims to maximise the Egyptian people’s benefit from this clean cooking fuel, serving as an alternative to butane gas and alleviating financial burdens. “I want to emphasize the significance of natural gas as a clean fuel and a vital component in our energy transition,”
Investing in the petroleum and gas industry while committing to reducing carbon emissions and improving production processes exemplifies the industry’s dedication to development. His Excellency Tarek El Molla Minister of Petroleum and Mineral Resources Arab Republic of Egypt
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EMBRACING ENERGY TRANSITION