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.