The European Union Delegation to Egypt

EU-Egypt Energy Dialogue

Cairo, 23/04/2018 - 18:06, UNIQUE ID: 180423_9
Joint Statements

Egypt and the European Union continue to share strong bilateral energy relations as well as an understanding of the opportunities and challenges facing the region. Partnership in the energy sector comes on top of the areas of common interest between Egypt and the EU in view of its importance as a driver of economic growth and development for both parties.

In continuation of the fruitful partnership between Egypt and the EU, the Government of Egypt welcomes the high profile visit of H.E. Mr. Miguel Arias Cañete, EU Commissioner for Climate Action and Energy, to Egypt during the period from 22-24 April 2018. During this visit and to reinforce the joint close relations, Mr. Arias Cañete will be welcomed by His Excellency Mr. Abdel Fattah El Sisi, President of the Arab Republic of Egypt. High level talks with H.E. Eng. Sherif Ismail - Egypt’s Prime Minister as well as H.E. Eng. Tarek El Molla - Egypt’s Minister of Petroleum and Mineral Resources have also taken place. The visit’s comprehensive agenda covers a number of key events, including the inauguration of first-ever Egypt - EU Sustainable Energy Business Forum & Exhibition, and a visit to the Zohr field onshore facilities. H.E Eng. Sherif Ismail witnessed today the signature of a Memorandum of Understanding (MoU) for strategic partnership on energy between Egypt and the EU. This MoU culminates extensive discussions held at ministerial levels, a number of high-level reciprocal visits, and a series of coordination meetings and comprehensive deliberations. The signing of the MoU represents a major milestone and a step change in the fruitful relationship between Egypt and the EU. It also reflects a common understanding of the importance of enhancing energy bilateral cooperation between Egypt and the EU, which will contribute to fulfilling the EU's strategic objectives to enhance security of supply and diversification as well as furthering both parties’ sustainable development and accelerated transition to a low-carbon economy. The recent record achievements realized by Egypt in the energy sector coupled with Egypt’s strategic location and extensive infrastructure all leverage Egypt’s position to become a major player of energy supply for the Euro-Mediterranean region. In this regard, the EU recognizes Egypt’s active participation in the ongoing Euro-Mediterranean energy cooperation and the country’s growing pivotal role in energy supply and transit to the Euro-Mediterranean energy market. This visit further paves the way for building on the ongoing strategic energy dialogue with the EU, including working jointly on the following areas during the period from 2018 to 2022:

  1. Continuation of further support to Egypt’s energy sector (both the oil and gas and the electricity sectors).
  2. Establishment of Egypt as an Energy Hub.
  3. Energy Efficiency Strategies, Policies and Measures.
  4. Assistance in the field of Renewable Energy. Technological, Scientific and Industrial Cooperation.

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