Shell Egypt cooperates with EGAS to work on projects to decarbonize natural gas in Egypt
Shell Egypt has signed a memorandum of understanding with the Egyptian Natural Gas Holding Company “EGAS”, In the field of decarbonization projects from natural gas production and processing facilities in Egypt to promote the transition to clean energy.
This came on the sidelines of Shell Egypt’s participation and sponsorship of a conference and exhibition Egypt International Petroleum “EGYPS”, held under the patronage of President Abdel Fattah El-Sisi, which is the leading exhibition in the oil, gas and energy sector in the North African and Mediterranean region.
The signing of the memorandum of understanding comes within the framework of Shell Egypt’s strategy, which aims to accelerate the transformation into a zero-emissions company, in line with society, and in support of the vision of the petroleum sector for integrated and sustainable energy, which contributes to achieving the objectives of Egypt’s vision 2030 for sustainable development.
Under the memorandum of understanding, the two parties will cooperate in defining options for removing carbon emitted from Egyptian gas processing facilities and conducting a joint assessment of the feasibility of decarbonization. carbon in these assets. The cooperation between Shell Egypt and “EGAS” includes identifying the target facilities whose carbon dioxide emissions reduction is of interest to the Ministry of Petroleum and Mineral Resources, exchanging best practices regarding decarbonization strategies, in addition to evaluating the technical and financial feasibility of these strategies.
In order to set the general framework for this vital project that aims to reach clean and sustainable energy, the two parties, under the Memorandum of Understanding, communicate and coordinate with the various stakeholders to contribute to the feasibility studies and define the framework The time required for decarbonization strategies until their implementation.
Khaled Kassem, Chairman of Shell Companies in Egypt said: “Shell Egypt is proud of this. Development cooperation with the Egyptian Natural Gas Holding Company (EGAS), which aims to decarbonize the Egyptian energy sector. This cooperation with the Egyptian government helps in setting regulatory frameworks to support opportunities for decarbonization, to reach clean energy and achieve sustainable development goals.”
He stressed that Egypt and all countries of the world seek to reduce the level of emissions to zero, which enhances the partnership between Shell and the Egyptian government to find innovative technical and commercial solutions to supply energy with lower emissions of carbon dioxide.
On a separate level, Shell Egypt signed a multilateral memorandum of understanding between a number of companies working in the field of petroleum and mineral wealth to sponsor the fourth phase of the plan to qualify and train young and medium management cadres at the Ministry of Petroleum within the program of the Petroleum Sector Development and Modernization Project. It is also working on preparing a new generation of distinguished young leaders who are able to assume leadership positions in the petroleum sector in the future.
Under the memorandum of understanding, trainees receive comprehensive training and integrated in line with international standards and the latest practices, which leads to enriching their professional experience and positively reflects on their performance and work environment.
The training includes training programs on job simulation Possible with experienced Shell employees and providing participants with experiences that enhance their capabilities, in addition to training programs targeting selected participants and provided by Shell employees within the company itself, training programs provided by external experts in different locations inside Egypt or abroad as well as additional programs and learning units that It will be developed by the parties on the basis of the specific needs and interests of the selected participants.