Latest news with #KarimBadawy
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.
Egypt Independent
15-05-2025
- Business
- Egypt Independent
Egypt and Turkey sign unprecedented gas and energy agreement
Egypt and Turkey signed an unprecedented natural gas agreement on the sidelines of Egyptian Minister of Petroleum and Mineral Resources Karim Badawy's visit to Ankara, RT reported on Wednesday. The agreement between stipulates the deployment of a Turkish vessel to store and regasify Egyptian natural gas for the first time, marking a significant shift in energy cooperation between the two countries. Turkish Energy Minister Alparslan Bayraktar stated that Turkey's BOTAŞ Petroleum Pipeline Corporation and the Egyptian Natural Gas Holding Company signed a contract to deploy an FSRU from the BOTAŞ fleet abroad for a periodic mission. 'This flexible and effective model is an important step that contributes to ensuring the security of natural gas supplies to both Turkey and Egypt,' he emphasized. Ties with Turkey strengthened Bayraktar and his Egyptian counterpart, Badawy, held a meeting to discuss cooperation between both countries, followed by the signing of two agreements aimed at strengthening energy cooperation – marking the centenary of diplomatic relations between Turkey and Egypt. The Turkish Minister explained that the first agreement is a memorandum of understanding that consolidates hydrocarbon cooperation and mining on an institutional basis. It also enhances the exchange of technical expertise and specialized knowledge to launch joint projects in strategic fields, including oil, natural gas, geothermal energy, hydrogen, and vital minerals. Bayraktar described the second agreement, regarding the operation of the BOTAŞ vessel in Egypt, as a 'national achievement,' noting that for the first time, a Turkish vessel of this type will operate abroad. He added that he is 'confident that these steps will open a new page in energy cooperation with Egypt.' Rising need for imported gas Egypt has resorted to importing liquefied natural gas recently to meet its domestic needs, with its gas production declining for the first time since 2018, when it announced domestic gas self-sufficiency and began exporting gas. The government attributed the decline in gas production to regional conditions and the halt in production at several fields – particularly the Zohr field, the largest in the Mediterranean – due to non-payment of dues to foreign partners. R Recently, the government confirmed that its gas production had begun to recover after the payment of dues and the discovery of new fields.
Qatar Tribune
11-05-2025
- Business
- Qatar Tribune
Al Kaabi, Egyptian minister discuss energy cooperation
DOHA: Minister of State for Energy Affairs, and President and CEO of QatarEnergy HE Saad bin Sherida Al Kaabi, has met in Doha with Egyptian Minister of Petroleum and Mineral Resources HE Karim Badawy. Discussions during the meeting dealt with energy relations and cooperation between Qatar and Egypt, and means to enhance them.
Zawya
07-05-2025
- Business
- Zawya
Egypt's Petroleum Minister, AD Ports Group strengthen strategic cooperation
Egypt - 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.
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.
