The Egyptian arm of energy giant Shell will work alongside Energean Egypt (Energean) to develop decarbonisation solutions as the country looks to accelerate its drive towards Net Zero.
Having signed a Memorandum of Understanding (MoU) with Shell Egypt, Energean aims to harness its prior experience in designing a carbon capture and storage (CCS) solution in a depleted hydrocarbons field in Prinos, Greece.
The new project will see the partners work towards decarbonising the liquefied natural gas (LNG) terminal in Idku operated by Shell through capturing and storing carbon dioxide (CO2) in a depleted reservoir in the Abu Qir offshore concession operated by Energean.
Commenting on the project, Nicolas Kacharov, CEO of Energean International and Country Manager Egypt, said, “CCS in Egypt can only be developed in long term partnerships with industries willing to ‘green’ their products.”
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