bp in talks to develop large scale green hydrogen hub in Egypt


Energy giant bp will collaborate with the Government of Egypt to explore the potential for developing a multi-phase, large scale green hydrogen export hub in Egypt.

Under a Memorandum of Understanding (MOU), bp will undertake a series of studies that will consider a range of technical and commercial concerns, in addition to assessing the best possible location for a hub.

The agreement was signed by bp, Egypt’s New and Renewable Energy Authority (NREA), the Egyptian Electricity Transmission Company (EETC), the General Authority for Suez Canal Economic Zone (SCZONE) and the Sovereign Fund of Egypt for Investment and Development (TSFE).

Commenting on the deal, Ayman Soliman, CEO of TSFE, said that transitioning into a low carbon energy system is ‘no longer an option but a necessity’ as reaffirmed during COP27.

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.

Please wait...