Karim Badawi, Minister of Petroleum and Mineral Resources, witnessed the signing of a shareholders’ agreement for partnership in a joint company, headquartered in Greece, between the Egyptian Natural Gas Holding Company (EGAS) and the Greek Copelouzos Group, with the aim of trading, transporting, supplying and regasifying gas in Eastern European countries and Greece. During the meeting, both parties also agreed to implement several projects, including the supply and marketing of natural gas in Eastern European countries. The Chairperson of the Greek group stressed his appreciation for the important role that Egypt plays in the region and the great potential it possesses. He expressed the Greek group’s desire to benefit from the potential of the Egyptian petroleum sector, especially the Damietta and Idku gas liquefaction plants. He also expressed his optimism about deepening the partnership with the Egyptian petroleum sector and the new Egyptian government in more future projects.

Source: Daily News Egypt October 14, 2024 22:55 UTC