The Egyptian Natural Gas Holding Company (EGAS) signed a letter of intentions with the international Shell companies Pyramid Navigation, Venietti, and Igel Jas with the aim of studying cooperation in the project to supply ships with liquefied natural gas in Egypt and study Establish a joint company to carry out the feasibility study of the project. This was done as part of the Ministry of Petroleum and Mineral Resources’ strategy to increase the use of clean, low-carbon fuel.
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As one of the areas of work that the sector seeks to benefit from, low-carbon fuel ships are one that Tariq Al-Mulla, Minister of Petroleum and Mineral Resources, affirmed the need for the oil sector to take concrete steps to cooperate with international firms to reduce carbon emissions. In his effort to benefit from the Egypt site in enhancing its role as a regional centre for energy trading and trade, it provides many contributions,
And he went on to say that Egypt is distinguished by many factors when it comes to shipping ships with liquefied natural gas as a low-carbon fuel, most notably its strategic location, the Suez Canal’s presence as a global shipping corridor suitable for setting up a ship supply project, and the availability of liquefied natural gas in Egypt. This partnership opens up new possibilities for the Egyptian Holding Company for Natural Gas, he added.
(EGAS) to be a crucial supplier of liquefied natural gas for ships travelling through Egypt and its neighbours.
Taher Farouki, the CEO of Shell Global LNG Company, stated that this cooperation deepens the long-standing connection that existing with Egypt and reaffirms Shell’s commitment to supporting Egypt’s goal of becoming a regional hub for energy trading and trade.
At the conclusion of the current decade, Shell plans to enhance its structure for ships carrying liquefied natural gas by three times compared to what is already available in international navigation channels.
And the Eagle Gas representative claimed that the company and its shareholders have nearly 50 years of combined experience working in Egypt’s maritime transport industry and managing major maritime projects, and that their significant market share and extensive experience support the steps necessary for the establishment of the Clean Fuel Check Supply Center.
Petroleum urgently anticipates reaching a deal with Shell International to provide ships with natural gas.
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