The EU will sign a memorandum of understanding on strategic cooperation in energy with Egypt

The EU will sign a memorandum of understanding on strategic cooperation in energy with Egypt, which is fast becoming an important gas and electricity hub
capable of providing energy security to the MENA region.

EU Commissioner for Climate Action and Energy Miguel Arias Canete will hold a high-level meeting
with government officials and energy stakeholders in Egypt this week, state news agency Wam reported.

Canete will also meet European energy companies and open the EU-Egypt Sustainable Energy Business Forum and Exhibition
.

Miguel Arias Canete said, "The EU and Egypt are strategic partners in energy, and the potential for closer energy cooperation between the EU and Egypt is enormous, and I hope that this visit heralds a new phase
of closer and closer relations between bilateral cooperation.
" ”

According to Canete, Egypt can lead the way for a clean energy transition in the Eastern Mediterranean, thereby contributing
to the Paris climate goals and global efforts to decarbonize.

"Both European and Egyptian citizens and businesses have access to new energy and market opportunities, and the EU stands ready to support Egypt's energy market reforms and promote sustainable energy investments," Canete added
.