The company also highlighted advancements in energy efficiency and sustainability, supporting a fair energy transition.
The agreements were signed with a coalition consisting of Hassan Allam Holding - Infinity Capital Investment, Ezz Steel, El Sewedy Industrial Group EIG, and Advanced Petroleum Services Group.
The agreement between the Egyptian Natural Gas Holding Company (EGAS) and Greece’s DESFA focuses on studying carbon capture and storage technologies.
Prior to hosting the COP27 climate summit in 2022, Egypt set an ambitious goal of achieving 42% renewable energy in its mix by 2035, later moving the target date up to 2030.
Badawi stated that the agreement marks the beginning of future opportunities for expanded cooperation.