Wintershall Dea and EGAS sign Memorandum of Understanding for carbon management and hydrogen solution
Wintershall Dea reinforces its ambition to grow globally in low-carbon energy solutions. In light of this, the company has signed a Memorandum of Understanding (MoU) with its Egyptian partner, the Egyptian Natural Gas Holding Company (EGAS), to explore opportunities in the areas of carbon capture and storage (CCS) and hydrogen.
Chief Operating Officer Dawn Summers, at Wintershall Dea responsible for the MENA region, says: “Egypt has great potential for low-carbon hydrogen production and CCS. The MoU is part of our ambition to grow our business in Egypt. We are looking forward to increasing the cooperation with EGAS and to extent it to the areas of carbon management and hydrogen. Areas both EGAS and Wintershall Dea consider priorities to successfully implement the energy transition while ensuring global security of supply.”
For the duration of two years, Wintershall Dea and EGAS will jointly work on identifying potentially suitable fields for CCS in Wintershall Dea's and EGAS' operated assets in Egypt. Furthermore, the partners will cooperate in exploring possibilities to produce natural gas-based low-carbon hydrogen.
Egypt has recently set out a new climate change strategy to drive forward its energy transition. The new strategy includes the expansion of the country’s hydrogen production, an increased effort for emission reduction, and the exploration of possibilities for CCS.
Sameh Sabry, Senior Vice President and Managing Director for Wintershall Dea in Egypt, adds: “In the run up to the 27th United Nations Climate Change Conference in Sharm el-Sheikh later this year, we want to increase sharing experience and expertise with our partners in Egypt in support of a shared goal: a more sustainable and secure energy system.”