Energean, Shell mull decarbonisation projects in Egypt

Energean has entered into a memorandum of understanding (MoU) with Shell Egypt to work on decarbonisation projects in Egypt, it said on February 16.

“Energean and Shell's MoU is designed to support the decarbonisation and the energy transition of the Arab Republic of Egypt contributing to the global efforts against climate change,” the company said.

London-based Energean said it will build on its experience in designing a carbon capture and storage (CCS) solution in a depleted hydrocarbon field that it has operated for many years, mirroring the process ongoing in Prinos, Greece.

The study will focus on the decarbonisation of the LNG terminal in Idku operated by Shell through capturing and storing the carbon dioxide in a depleted reservoir in the Abu Qir offshore concession operated by Energean.

Future development stages will permit such facility to take emissions from other industrial emitters like the fertilizer industry, Energean said.