FedEx Express, the world’s largest express transportation company, announced a long-term investment of more than ...
Egypt’s petroleum, natural gas sector cuts about 5 million tons of CO2 emissions
The Egyptian petroleum and natural gas sector managed to cut about 5 million tons of CO2 emissions annually.
The sector implemented 247 projects, leading to reducing 900,000 tons of carbon emissions annually and saving about $ 115 million in energy consumption.
Under the projects, Egypt extended natural gas to more than 14 million housing units.
Egypt also turned about 505,000 cars into using compressed natural gas fuel, thus slashing carbon emissions by over 2.1 million tons annually.
Twenty nine projects were implemented within the framework of Egypt’s accession to the World Bank’s Zero Routine Flaring by 2030 (ZRF) Initiative, thus lowering CO2 emissions by about 1.4 million annually.
About 24 renewable energy projects were carried out in administrative buildings of the sector’s companies, thus reducing electricity consumption and reducing carbon emissions by about 50,000 tons.
The sector started taking measures to implement projects for green energy and low-carbon fuel, especially after signing an agreement between the Alexandria National Refining and Petrochemical Company (ANRPC) and the Norwegian company Scatec for establishing a new project for green methanol production – which is the first of its kind in Egypt and the Middle East.
The petroleum sector has a clear-cut vision and action plan for energy transition and decrease of carbon emissions in all oil and natural gas activities.
The sector works on expanding the use of natural gas as a transitional low-carbon fuel, boosting energy efficiency and decarbonization, as well as expanding renewable energy production and petrochemical projects that will contribute to protecting the environment.
Moreover, the sector works on producing low-carbon ammonia and hydrogen.
The sector also took several steps for energy transition and low emissions, especially through launching the national strategy for energy efficiency in the petroleum sector (2022-2035), which is being implemented now.
The ministry also highlighted the Sharm El Sheikh roadmap for cutting methane emissions in the petroleum and natural gas sector that was declared on the Decarbonization Day which was held on the fringe of the 27th United Nations Climate Change Conference (COP27).