Daily News: Egypt seeks pivotal role in energy trade: Al-Sisi

Egypt is looking to become a pivotal centre for energy trade as part of its national strategy to meet domestic market, said President Abdel Fattah Al-Sisi in his speech at the World Future Energy Summit in Abu Dhabi on Monday.

He added that during the past four decades, energy consumption rates have doubled and this figure is expected to double once again by 2050. He emphasised, however, that over 1.3bn people worldwide, half of which are in Africa, live without electricity sources.

The president highlighted Egypt's strategy aims to diversify the traditional energy sources used in power plants, by creating a balanced combination. This will include the use of coal and nuclear sources along with natural gas and petroleum sources.
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