Egyptian Minister Talks Energy With Gazprom

The Egyptian energy minister has had a meeting with chief executive of Russian gas giant Gazprom in Moscow.

Mohamed Kamal Abdel Hamid, Egypt’s Minister of Petroleum and Mineral Resources, had talks with Alexey Miller at the state company's offices.

In a statement Gazprom said the meeting participants discussed opportunities for the bilateral cooperation development in the oil and gas industry. Co-operation in projects for hydrocarbon fields exploration and development were specific themes.

 Takher Abdelrahim Ali Abdel Aal, deputy chairman of EGAS (the Egyptian Natural Gas Holding Company), Ahmed Soliman Mohamed Fawzy Soliman,  advisor to the Egyptian president, and Alaa Mohamed Hamdi Kenavi, Minister Plenipotentiary, were also at the meeting.

“The meeting participants discussed the opportunities for bilateral cooperation development in the oil and gas industry. The meeting specifically addressed the prospects for Gazprom and Egyptian energy companies to cooperate within the projects for hydrocarbon fields exploration and development," Gazprom said.

The topic of liquefied natural gas (LNG) supplies to international markets was also mentioned.

Egypt is Africa's second largest natural gas producer after Algeria. Its proven natural gas reserves amount to some 2.2 trillion cubic meters. Around 80% of domestic gas reserves and 70% natural gas production are focused in the Mediterranean region and the Nile Delta.