The minister praised the outstanding results achieved by Egypt Gas Company, both in 2024 and in previous years, extending his appreciation and gratitude to the company's leadership and all employees across the country for their efforts and the outstanding results achieved.
Badawy clarified that Egypt Gas Company has a clear
footprint and an important role in implementing the six axes of the ministry's
current work strategy, which are represented in providing citizens' needs for
petroleum products at the lowest cost. This is achieved by increasing
production, intensifying drilling and exploration programs, exploiting the
infrastructure and capacities in the refining and petrochemicals sector, gas
pipeline networks, crude oil and products, and creating a qualitative shift in
the mineral resources sector to increase its contribution to the gross domestic
product.
He also explained that restructuring the energy mix in
cooperation and integrated work with the Ministry of Electricity and Renewable
Energy to increase the percentage of renewable energy in the Egyptian energy
mix to reach 42% by 2030, which enables the exploitation of natural gas in
value-added industries and the expansion of natural gas delivery projects to
homes. He added that the important axis related to occupational safety and
health, the environment, sustainability and energy conservation, due to their
positive role in attracting investments by providing a safe working environment
to preserve the safety of workers. The sixth axis is represented in exploiting
Egypt's strategic location to increase regional cooperation and maximize the
benefit from the infrastructure of liquefaction plants, ports, pipeline
networks and warehouses, which enhances Egypt's position. as a regional energy
hub.
Badawy praised the integrated work between the
company's leadership, its board members, and individual shareholders, which
contributed to these results. He noted that the Ministry, EGAS, and the
Egyptian General Petroleum Corporation (EGPC) continue to provide all forms of
support to Egypt Gas to expand its operations inside and outside Egypt,
achieving added value and returns for the national economy.
Engineer Wael Gowaid, EGAS Chairman, reviewed the
company's most prominent activities and results during 2024, which coincided
with the 42nd anniversary of the company's founding in 1988. The presentation
included a documentary film summarizing the company's activities. The
presentation highlighted Egypt Gas's vital role in the natural gas delivery
project to homes, commercial, and industrial facilities. The presentation also
addressed the company's effective contribution to the "Decent Life"
initiative, in addition to its participation in numerous major national
projects. The presentation also highlighted the remarkable development in the
company's performance in the field of general contracting, including integrated
civil, mechanical, and electromechanical works.
He clarified that the company places great importance
on occupational health and safety, as well as the environment, stemming from
its commitment to protecting employees and customers and preserving equipment
and assets to ensure business continuity and efficiency. The total working
hours during 2024 reached approximately 31 million.
Gowaid reviewed the company's most significant
achievements, including the full completion of the first phase of the
"Decent Life" initiative in five governorates (Dakahlia, Gharbia,
Menoufia, Qalyubia, and Luxor), the implementation of numerous petroleum,
civil, and general contracting projects within Egypt, most notably aircraft
refueling stations at Assiut and New Alamein airports for the Nile Company, the
construction of a polyethylene pipe factory in Ain Sokhna for the Egyptian
Natural Gas Holding Company (EGAS), a polyethylene pipe factory in 10th of
Ramadan City for EGYFCO, and several drinking water desalination plants in
Aswan Governorate.
He also reviewed the company's activities outside Egypt, in Jordan, the UAE, Saudi Arabia, and the Sultanate of Oman, where the company has successfully implemented a number of strategic projects as part of its regional expansion plan, most notably gas supply projects to industrial cities in Jordan.