Egypt has stepped out in energy and resource management and is planning to generate energy by clean and renewable resources. Recently Eni S.p. A, a multinational oil and gas company in Italy, has signed a memorandum of understanding regarding hydrogen production in Egypt. The hydrogen deal aims to conduct a joint study including both the countries on the production of energy by cleaner and renewable fuels.
The prime focus of the hydrogen deal will be on Hydrogen production, more specifically the Blue Hydrogen, in Egypt. The study would also include the reformation of depleted natural gas fields by capturing the CO2 released in the combustion. Hence with the environment,the regeneration of Natural Gas files would affect the economy of Egypt.
Usually, these deals focus on industrial and the affairs related to the nation on a large scale, but this deal will also focus on domestic hydrogen usage. Thus, in total, the industrial hydrogen, domestic hydrogen and export options will be thoroughly analyzed, and research will be conducted on them afterward.
The thermal power plants will also be consider, as they are the prime source for carbon and CO2 emission. Eni stated that the MoU would strictly issue plans to eliminate the carbon emissions intensity by 2050 completely. It also noticed that the deal is already in line with Egypt’s energy transition plans comprising switching over hydrogen as a primary fuel.
Egyptian Natural Gas Holding (EGAS) and Egyptian Electricity Holding Co. (EEHC) signed a deal. These authorities would be working with Eni to achieve their planned goals in the field of Energy. They aim to minimize the use of traditional fuels by encouraging cleaner fuels in the industry and domestic areas.
Egas President Magdy Galal, EEHC’s Gaber El-Desouky, and Eni subsidiary IEOC manager Marco Rotond officially signed the pact.