Monthly Archives January 2021

2011-2020: Egypt – An energy dream come true

Egypt is getting closer to becoming a regional energy hub, exporting its excess production of natural gas and facilitating exports from neighbouring countries. It has also embarked on several projects connecting the electricity grids of Arab, African, and European countries. The situation was completely different a few years ago, when millions of people were affected by recurring power cuts resulting from the national grid’s inability to meet rising demand due to a lack of maintenance and outdated power plants. The peak was in 2013, when maximum power-generation capacities reached about 30,000 Megawatts (MW), which was not enough to meet local
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Categories: News.

UAE joins Egypt-led Eastern Med Gas Forum

Abu Dhabi Crown Prince Mohammed bin Zayed visited Cairo Dec. 17 for talks with Egyptian President Abdel-Fattah al-Sisi. A presidential statement said the United Arab Emirates (UAE) has joined the Eastern Mediterranean Gas Forum (EMGF) as an observer. “Sisi [underlined] the importance of the added value that the UAE will contribute to the forum’s activities to serve the strategic interests and enhance cooperation and partnership between the forum countries,” the statement said. The EMGF was established as an intergovernmental organization by Egypt, Israel, Greece, Cyprus, Italy, Jordan and Palestine. Founders say the forum aims to facilitate talks among Mediterranean countries about exporting natural gas,
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Categories: News.

East Med Energy Outlook for 2021

As a tumultuous 2020 draws to a close, 2021 is coming to the East Med with a lot of expectations and hope. Key factors that will shape the new year in the region are the succession of Joe Biden to the US presidency, EU’s green policies, economic factors, rapprochements and dispute resolutions, global oil and gas sector recovery and its impact on the East Med. The Biden factor With Biden in place as the next US President, the chances for conflict resolutions around the East Med will get a much-needed boost. In addition, the renewed importance of NATO under the
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Categories: News.