COP27 - Decarbonization Day EMGF Session "EMGF Decarbonization Initiative "
On the sidelines of the COP27 Decarbonization Day held on 11 November 2022 in Sharm El Sheikh, a dedicated session was organized in the Egyptian Pavilion to present the EMGF Decarbonization Initiative.
Mr. Karim El Dessouky Bechtel Egypt Vice President and General Manager and Mr. Maxim Nechaev S & P Global Director Consultant started by announcing the “EMGF Decarbonization Initiative” as a leading model to drive further decarbonization of the natural gas resources in the region.
This was followed by a panel discussion attended by H.E Tarek El Molla, Egyptian Minister of Petroleum and Mineral Resources, H.E Natasa Pilides, Cypriot Minister of Energy, H.E. Osama Mobarez EMGF Secretary General, Mr. Lior Schillat Director General, Israeli Ministry of Energy and Ambassador Stu Jones Bechtel President.
The session provided insights on this EMGF Decarbonization Initiative and how it is encompassed in a comprehensive report that includes assessment of technologies and reduction potential, in addition to an analysis of the strategic decarbonization direction, along with needed policies and regulations, financing sources, technologies and capacities for a smooth decarbonization process.
COP27 - Decarbonization Day EMGF Session "Accelerating Oil & Gas Decarbonization: EMGF Initiative"
During the COP27 Decarbonization Day held on 11 November 2022 in Sharm El Sheikh, the EMGF was present through a dedicated session.
H.E. Osama Mobarez EMGF Secretary General started by highlighting the possible enablers that support the oil and gas during decarbonization, mainly technology, funding and capacity building.
This was followed by a panel discussion attended by H.E Tarek El Molla, Egyptian Minister of Petroleum and Mineral Resources, H.E Natasa Pilides, Cypriot Minister of Energy, H.E. Osama Mobarez EMGF Secretary General, Mr. Claudio Descalzi ENI CEO, Dr. Pratima Rangarajan OGCI Climate Investment CEo and Mr. Riccardo Puliti Vice President for Infrastructure World Bank.
The session provided key factors needed to develop the low emission technologies, increase funding dedicated to decarbonization technologies for developing countries, and encourage technology transfer and capacity building to support developing countries in their mitigation and adaptation efforts.
EMGF Energy Transition Conference
H.E. Natasa Pilides – Cypriot Minister of Energy, Commerce & Industry hosted the first EMGF conference under H.E. presidency titled “EMGF Energy Transition Conference” in Nicosia, Cyprus from 13-14 October 2022, where H.E. started by welcoming all the guests. H.E. Nicos Anastasiades President of the Republic of Cyprus attended the conference and greeted the participants. Opening remarks were then presented by H.E. Osama Mobarez – EMGF Secretary General and H.E. Kadri Simson – EU Commissioner for Energy. They applauded the efforts of all EMGF Ministers, EB members and GIAC members, highlighting how EMGF will play a key role in the future energy scene providing an opportunity for energy transition and security.
This was followed by a ministerial opening panel discussion titled “The role of the East Med countries and the EU in promoting partnership to achieve ambitious common goals on Energy Transition and Energy Security” attended by H.E Tarek El Molla, Egyptian Minister of Petroleum and Mineral Resources, H.E Natasa Pilides, Cypriot Minister of Energy, Commerce and Industry, H.E. Kostas Skrekas, Greek Minister of Environment and Energy, H.E. Saleh A. Al-Kharabsheh, Jordanian Minister of Energy and Mineral Resources, H.E Osama Mobarez, EMGF Secretary General, H.E. Kadri Simson, EU Commissioner for Energy. The session provided revealing insights around the role of the East Med countries and their future vision and strategies in the energy transition domain.
In the evening a closed session for GIAC and EB members was conducted to discuss the preliminary outcomes of two important studies on Energy Security and Energy Transition. The first presentation was conducted by Mr. Karim El Desouky – EMGF GIAC Decarbonisation WG Lead titled “Decarbonization in the East Mediterranean Region Report” followed by another presentation by Mr. Sameh Sabry – EMGF GIAC Economic SC Head titled “The Role of East Med in the EU Energy Security”. These presentations gave an overview and update on both topics and welcomed discussions from all audience attending.
Amcham Roundtable Discussion "U.S. Technical and Financing Tools for Methane Reduction"
H.E. Osama Mobarez EMGF SG participated in a round table discussion titled “U.S. Technical and Financing Tools for Methane Reduction” organized by the American Chamber of Commerce on 4th October 2022. The discussion focused on the necessity of availing the technical tools as well as sustainable finance sources for a just energy transition pathway focusing mainly on methane emissions reduction.
H.E. Mobarez in his key note speech stressed on the commitment of the EMGF towards delivering resilient, diversified and smooth energy transition and applauded the efforts and support given by the USA. He gave an overview about the activities of the EMGF that support global climate action and the de-carbonization initiatives. This was followed by two presentation one by the US Special Presidential Envoy for Climate team and the other by the Ministry of Petroleum and Mineral Resources to promote the efforts in methane emissions reduction in Egypt’s oil and gas sector. The event ended with an open discussion from all participants around this key topic and needed actions as we approach the COP27 next month.
Gastech Panel Discussion "Unlocking and accelerating the full potential of the Eastern Mediterranean gas basin"
During Gastech H.E. Osama Mobarez EMGF Secretary General participated in a panel titled “Unlocking and accelerating the full potential of the Eastern Mediterranean gas basin” on 6 September 2022 along side H.E. Tarek El Molla, Egyptian Minister of Petroleum and Mineral Resources, H.E. Natasa Pilades, Cypriot Minister of Energy, Commerce & Industry, Ms. Alexandra Sdoukou, Greek Secretary General for Energy & Mineral Resources, Ms. Laura Lochman, US DOS Deputy Assistant Secretary and Mr. Guido Brusco, COO Natural Resources Eni.
H.E. Mobarez gave an overview of the current gas potential of the East Med region and how the EMGF is capable of achieving a breakthrough in regional gas cooperation to allow for economic growth and security for the whole region. H.E. then engaged in the discussions by adding that the EMGF activities are progressing further to ensure energy security in the region and can address the current EU gas shortage issue by developing several projects to enhance cooperation. Finally H.E. highlighted the EMGF efforts in decarbonization that will be presented in the upcoming COP27 hosted by Egypt next November.
EMGF – EGYPS 2nd edition Strategic Leadership Round table Discussion “The East Med and North African Gas Opportunity”
On the sidelines of Gastech, the EMGF together with EGYPS organized the second edition of Strategic Leadership Roundtable on 5 September 2022. The discussion hosted Ministers, senior energy experts, industry leaders and international organizations to discuss how the East Med and North Africa can play a pivotal role in supporting sustainable global energy supply and demand.
The discussion started with key note speech from HE Tarek El Molla Egyptian Minister of Petroleum and Mineral Resources where he highlighted the pivotal role of the East Med region to support global supply and demand dynamics especially for the EU and the importance of expanding the existing trade relationships with Europe and boost economic growth through the EMGF to create more projects to increase gas exports to new markets in Europe.
The second module focused on partnership and investment, where H.E. Natasa Pilides Cypriot Minister of Energy, Commerce and Industry highlighted the positive role of the EMGF in paving the way for consuming, transit and producing countries and even private sector to align and work together in delivering global long-term partnerships and investments in gas/LNG and energy infrastructure.
Finally the third module handled the importance of energy transition, where H.E. Osama Mobarez EMGF Secretary General stressed EMGF’s support to energy transition and presented the various projects and decarbonization efforts in place and emphasized that EMGF believes in the importance of sustainable development and that energy efficiency will directly strengthen energy security in the region.
26th Annual Economist Government Roundtable "Strategic Energy Partnership in the region"
H.E. Osama Mobarez EMGF SG participated in the 26th Annual Economist Government Roundtable event through a panel titled “Strategic Energy Partnership in the region” in Athens on 6th of July 2022, along side H.E. Kostas Skrekas, Greek Minister of Environment & Energy as well as business partners Mr. Fabrizio Mattana, CEO IGI Poseidon, Mr. Jerry Kalogiratos, CEO Capital Product Partners LP, Ms. Maria Rita Galli, CEO DESFA and Mr. Konstantinos Karagiannakos, Executive Director, ICGB Bulgaria. The panel focused on the significance of collaboration around energy in the region to overcome all the challenges and ensure the availability of cleaner energy sources like natural gas for all nations.
H.E. Mobarez in his key note speech stressed the importance of enhancing regional cooperation in light of all the challenges due to the pandemic and geopolitical tension and how gas will play a role in the future energy mix. He gave an overview about the latest updates of the EMGF and how the forum is one of key solutions for Europe to help them diversify their gas supply.
He also shed light through the discussions on the importance of the East Med Gas with all its wealth and potential to ensure energy security and help secure access to more diversified sources of gas and LNG. He finally highlighted the EMGF efforts that support global energy transition towards cleaner sources of energy.
Natural Gas in the Energy Transition Workshop
H.E. Osama Mobarez EMGF SG participated in a workshop titled “Natural Gas in the Energy Transition” organized by the Italian Embassy in Cairo on 21st of June 2022. The workshop focuses on the Italian and Egyptian companies collaboration especially in the natural gas sector and the future role of natural gas in the energy mix.
H.E. Mobarez in his key note speech stressed the importance of availing affordable and cleaner sources of energy like natural gas. He gave an overview about the latest updates of the EMGF in light of last week’s ministerial meeting, where the long term strategy that focuses on energy transition and environment was endorsed and how the forum is committed to enhance regional cooperation and support global positive climate action.
EMGF – EGYPS Round table Discussion “East Med Gas Role In Enabling Energy Security And Developing Decarbonisation Efforts”
On the sidelines of the EMGF 7th Ministerial Meeting EGYPS organized a closed-door Strategic Leadership Roundtable hosted for the EMGF Ministers and Heads of Delegation, Senior Energy experts, GIAC members and International Organizations on June 15th, 2022 to discuss how the East Mediterranean region can play a pivotal role to support global supply and demand dynamics, while ensuring smooth energy transition to cleaner sources of energy especially natural gas.
The discussion started with key note speech from H.E. Kadri Simson, Commissioner for Energy, European Union where she shed light on the role of East Med Gas to ensure energy security and the discussion evolved on how the EMGF can help secure access to more diversified sources of gas and LNG, to stabilize domestic energy supplies amid growing shortages and increasing costs.
The second module of the event focused on energy transition and decarbonisation, where H.E. Dr. Yasmine Fouad, Egyptian Minister of Environment & COP27 Ministerial Coordinator & Envoy highlighted the positive role of the EMGF in promoting the use of cleaner sources of energy. And thanked the initiative of involving the oil and gas sector both governments and companies in an environmental conversation. The discussion continued with perspectives around the contribution of East Med Gas to the energy transition and to the decarbonisation initiatives that can be presented in the upcoming COP27.
EMGF – Amcham Round table Discussion “Financing for Decarbonization”
EMGF in collaboration with the American Chamber of Commerce organized round table event on the 31st of May 2022 with the title “Financing for De-carbonization”. The discussion focused on ways in which sustainable finance can help decarbonize the economy, highlighting the critical role of the financial services industry as they fund the transition to a sustainable future
Mr. Helmy Ghazi – Deputy CEO and Head of Global Banking HSBC presented the role of the financial services industry in achieving net-zero targets and exploring the potential impact of financial institutions. This was followed by discussion from key oil and gas players with H.E. Osama Mobarez EMGF SG on how financing is one of the key points in achieving smooth energy transition and the initiatives and projects the EMGF are providing to ensure regional gas de-carbonization.
Energy Climate Diplomacy in Times of Systematic Crisis: Keeping Climate Pledges in the context of Hard Realities Webinar
H.E. Osama Mobarez EMGF SG participated in a panel titled “Strategizing EU Gas Supply: Look from EU Energy Partners” organized by MOFA of Republic of Bulgaria as part of Webinar titled “Energy Climate Diplomacy in Times of Systematic Crisis: Keeping Climate Pledges in the context of Hard Realities” on 20th of April 2022.
H.E. Mobarez gave an overview of the current challenges facing the gas market, presented the latest updates of the EMGF and how EMGF is one of key solutions for Europe to help them diversify their gas supply to ensure energy security.