Greek energy company Energean has expressed strong interest in expanding its investments in Egypt, particularly in natural gas and fertilizer projects, as part of broader efforts to strengthen energy cooperation between Cairo and Athens.
The announcement came during a high-level meeting held at the Ministry of Petroleum headquarters in New Alamein, where Egyptian Minister of Petroleum and Mineral Resources, Eng. Karim Badawi, met with Energean CEO Mathios Rigas.
Also in attendance were Nicolas Kacharov, Energean’s Egypt Country Director, and Walid Abdallah, the company’s Director of Government Relations and Security.
The two sides explored opportunities to deepen bilateral cooperation in oil and gas exploration and production, with a particular focus on adopting advanced carbon capture and storage (CCS) technologies.
“The discussions centered on boosting joint work in the oil and gas industry, especially regarding the expansion of carbon capture and storage solutions,” said officials following the talks.
They emphasized the alignment between Egypt and Greece on environmental sustainability and reducing carbon emissions.
Minister Badawi welcomed Energean’s interest in Egypt’s energy sector, highlighting the country’s strategic position as a regional hub for natural gas.
He reaffirmed Egypt’s commitment to environmentally sustainable development and praised Energean’s technological expertise in emissions reduction and clean energy transition.
Energean, a leading player in the Eastern Mediterranean, has been actively increasing its regional footprint, with Egypt seen as a pivotal partner due to its infrastructure, geographic location, and commitment to decarbonization goals.
The meeting reflects the growing importance of international partnerships in Egypt’s strategy to enhance energy security while addressing climate change through innovative technologies and sustainable investment in the energy sector.
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