MEP Signs MoU with EGAS for CCS Development in Egypt

Cairo, Egypt November 13th, 2022 – Press Release: Mediterranean Energy Partners has signed a Memorandum of Understanding with Egyptian Natural Gas Holding Company for CCS Project development in Egypt.

Mediterranean Energy Partners (MEP) has signed a Memorandum of Understanding (MoU) with Egyptian Gas Holding Company (EGAS) to assess the Carbon, Capture, and Storage (CCS) potential in the Nile Delta. The collaborative agreement aims to establish a full CCS value chain in Egypt to serve as a potential hub for Carbon Storage in the offshore Rosetta Field. The MOU has several milestones to evaluate the key pillars of a CCS development, including Rosetta Fields storage capacity, injectivity, and containment, in preparation for a CO2 injection pilot. The MoU was signed by EGAS Chairman Dr. Magdy Galal and MEP CEO Mr. Taner Sensoy.

Taner Sensoy, CEO of MEP commented: “Egypt is strategically well positioned to be become a globally key player in the energy transition. We are proud to be part of these efforts following the successful COP27 event”

About MEP

Founded in 2021, Mediterranean Energy Partners (MEP) is laying groundwork on projects in various sectors across the MENA region, forming strategic alliances within both local governments and the private sector, with a goal of helping companies and countries meet their net zero goals. Through decarbonizing industrial processes, MEP develops projects that aim to reduce society’s carbon footprint by enabling strong commercial and technical acumen. Both the international and regional experiences of our team facilitate navigating regional complexities while also enabling efficient decision making.