Latest news with #Badawy
Daily News Egypt
26-05-2025
- Business
- Daily News Egypt
Petroleum Minister inspects LNG infrastructure in Ain Sokhna ahead of summer demand surge
Minister of Petroleum and Mineral Resources Karim Badawy conducted an inspection tour at Ain Sokhna's SUMED and Sonker ports to review infrastructure readiness for receiving additional Floating Storage and Regasification Units (FSRUs) as part of Egypt's summer energy preparedness plan. Joined by senior petroleum sector officials, Badawy assessed progress on critical projects supporting the import, regasification, and delivery of liquefied natural gas (LNG) into the national gas grid—an essential step in securing fuel for electricity generation during peak summer months. The minister began his visit at the marine berth in SUMED port, where the FSRU Hoegh Galleon is currently docked. He observed the vessel's ongoing operations, which include LNG unloading, regasification, and injection into the national grid. Badawy also inspected the newly completed second marine berth at SUMED, which has been under development since September of last year. Designed to host an additional regasification vessel, the berth is now 100% complete, with trial operations underway ahead of the FSRU's arrival. The project is considered a key component of Egypt's national strategy to enhance natural gas infrastructure. The tour continued at Sonker port, where the minister reviewed progress on laying horizontal pipelines that will connect a future regasification vessel to the national grid. He also examined the installation of a 36-inch, 17-kilometer gas import pipeline, which will serve as a vital conduit for the third FSRU expected to dock at the site. During the visit, Badawy received detailed briefings from Yasser Salah, Chairperson of GASCO, and Walid Lotfy, Chairperson of Petrojet. The two entities are collaborating on LNG infrastructure projects at both SUMED and Sonker ports. GASCO led the engineering and technical studies, sourced materials and equipment, and provided project management. Petrojet executed the construction, which includes two high-capacity marine and onshore pipelines, and the installation of two massive 16-inch-diameter loading arms—among the largest globally—to ensure efficient regasified gas handling. The SUMED project has been finalized and is fully operational in anticipation of the second FSRU's arrival. Meanwhile, construction continues at Sonker port to ready the infrastructure for the docking of a third regasification vessel. These developments are part of a broader national effort to reinforce Egypt's natural gas supply chain and ensure stable electricity production during the high-demand summer period.
Daily News Egypt
07-05-2025
- Business
- Daily News Egypt
Petroleum Minister, AD Ports Group strengthen strategic cooperation
Minister of Petroleum and Mineral Resources Karim Badawy met with Ahmad Al Mutawa, Regional CEO of AD Ports Group—a global leader in trade, industry, and logistics—at the Ministry's headquarters in Egypt's New Administrative Capital. The meeting was also attended by senior Ministry officials, including Ehab Ragaei, First Undersecretary for Production Affairs; Khaled El Badry, Head of the Central Administration for Projects; and Moataz Atef, Undersecretary for the Minister's Office and Official Spokesperson. During the meeting, Minister Badawy emphasized the strategic investment potential within Egypt's petroleum and mineral resources sectors, underpinned by the Ministry's six-pillar strategy. These pillars pave the way for expanded cooperation with AD Ports Group across petroleum, mining, and infrastructure development. Badawi highlighted the opportunity to leverage AD Ports Group's expertise in advanced logistics and industrial solutions to enhance Egypt's already robust infrastructure, including ports, transportation networks, oil and gas pipelines, LNG terminals in Idku and Damietta, and strategic storage facilities. He underscored Egypt's positioning as a regional energy hub and the value of regional collaboration and long-term strategic partnerships. The Minister also pointed to growing investment prospects in renewable energy, particularly in green hydrogen and ammonia, being developed in partnership with international companies within Egypt. In response, Al Mutawa commended the Ministry's strategic framework and reiterated AD Ports Group's commitment to expanding its footprint in Egypt, which it considers a key investment market. He invited Minister Badawy to visit the Group's UAE facilities to explore potential applications of their operational models and technologies in Egypt. Both sides agreed to hold joint workshops aimed at exploring specific project opportunities and developing actionable implementation roadmaps. Additionally, Minister Badawy extended an invitation for the AD Ports delegation to participate in the upcoming Egypt Mining Forum in July to further assess investment opportunities in the country's expanding mining sector.
Egypt Independent
06-04-2025
- Business
- Egypt Independent
'Egypt Gas' has important, clear role in implementing axes of ministry: Petroleum min.
CAIRO, April 5 (MENA) – Minister of Petroleum and Mineral Wealth Karim Badawy asserted that 'Egypt Gas' company has a clear and important role in implementing the six axes of the work strategy of the Ministry of Petroleum currently. The company provides the needs of citizens for petroleum products at the least cost via increasing production, intensifying excavation programs and benefiting from the infrastructure and energies in the sector of refining, petrochemicals, gas lines networks, crude oil and products, Badawy said. The company contributes to making a quantum leap in the sector of mineral wealth to increase contribution to local product in addition to restructuring energy mix in cooperation with the Ministry of Electricity and Renewable Energy which seeks to increase the percentage of renewable energy in the mix of Egyptian energy to reach 42 percent by 2030, Badawy said. This came during Badawy's participation in the activities of the general assembly of 'Egypt Gas' to discuss and approve the outcome of the fiscal year 2024. 'Egypt Gas' has an important role in the axis of safety, vocational health, environment, sustainability and rationalizing energy due to its positive role in attracting investments via providing safe environment to maintain the safety of the workers, he said. Badawy pointed out to the distinguished outcome achieved by the company whether in 2024 or in the previous years. For his part, Chairman of Egypt Gas Wael Gowayed highlighted the activities of the company in 2024 coinciding with the passage of 42 years on its establishment in 1983. Gowayed presented a documentary on the activities of the company where he shed light on the role of the company in the project of delivering natural gas to houses as well as commercial and industrial facilities. (MENA)
Daily News Egypt
19-03-2025
- Business
- Daily News Egypt
Egyptian Petroleum Minister attends Berlin Energy Transition Dialogue
Egypt's Minister of Petroleum and Mineral Resources, Karim Badawi, participated in the eleventh Berlin Energy Transition Dialogue on March 18 and 19, the Ministry of Petroleum and Mineral Resources said in a statement. Badawy attended the Dialogue at the invitation of the German Foreign Minister and the German Minister for Economic Affairs and Climate Action. The forum focuses on discussing the evolving energy landscape and the transition to clean and renewable energy sources. This year's event centres on mobilising investments for energy transition and green growth in emerging and developing countries. During the Dialogue, Badawy presented Egypt's comprehensive energy strategy, emphasising the importance of diversifying energy sources to ensure energy security, sustainability, and economic growth. He also highlighted the role of natural gas as the most suitable transitional fuel, with lower emissions. Regarding the expansion of renewable energy, Badawy said that Egypt aims to strengthen its position as a regional energy hub, leveraging its abundant resources of solar, wind, and other clean energy sources. He noted the successful completion of an integrated and sustainable energy strategy until 2040, which aims to increase the proportion of renewable energy in the Egyptian energy mix to 42% by 2030. This will be achieved through projects such as solar energy developments and wind power plants in the Gulf of Suez region. Badawy added that the Ministry of Petroleum and Mineral Resources is working with the Ministry of Electricity and Renewable Energy to develop an integrated energy efficiency strategy and launch a national programme encompassing various energy efficiency activities. He further stated that Egypt aims to become a regional centre for hydrogen trade and circulation, underpinned by an ambitious national strategy to attract investment and develop pioneering projects in hydrogen generation and production. This strategy has been followed by the approval of a new law offering tax and export incentives to attract investors in this sector. Badawy also stressed the importance of regional and international cooperation in expanding clean energy projects and building sustainable partnerships for a more prosperous energy future. The Berlin Energy Transition Dialogue, first launched in 2015, is an annual conference on energy transition. It is organised by the German Federal Foreign Office in cooperation with the German Renewable Energy Federation (BEE), the German Solar Association (BSW), and the German Energy Agency (dena). The Dialogue is attended by government representatives, global business leaders, scientists, and leaders of international organisations and non-governmental organisations.
