Egypt and Germany sign co-operation agreement

Thursday, 10 November 2022
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Just ahead of COP 27, Germany and Egypt signed memoranda of understanding (MoU) to co-operate in the production of renewable hydrogen and boost the LNG trade, Germany's Energy Ministry confirmed last week.

The agreements were signed by Energy Minister, Robert Habeck and Egypt's Tarek El Molla, Minister for Petroleum and Resources and Mohamed Shaker El-Markabi, Minister for Electricity and Renewables.

"With our energy partnership with set a clear signal before the [COP27] World Climate Conference, we support Egypt to speed up the change from fossil to climate friendly energy," Minister Habeck said.

"In the short term, closer trading ties with Egyptian LNG help us to diversify [Germany's] energy imports further and become independent of Russian gas," he added without providing further details.

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