Speaking at a roundtable hosted by the Middle East Institute (MEI), Badawi emphasized Egypt's commitment to regional partnerships, specifically the planned interconnection with Cyprus. He noted that Egypt’s infrastructure is ready and capable of transporting Cypriot gas to Europe once production from offshore fields is finalized.
The Minister credited legislative reforms and investment
incentives for creating an attractive environment in the energy and mining
sectors. He added that Egypt is seeking to capitalize on gas resources in the
Eastern and Western Mediterranean and the Western Desert through advanced
seismic surveys.
Engineer Badawi later held talks with US Energy Secretary
Chris Wright, attended by Egypt’s Ambassador to Washington Moataz Zahran. The
two officials discussed deepening ties through increased American investment
and energy security cooperation.
The meeting reviewed ongoing projects with US giants Apache,
Chevron, and ExxonMobil, as well as progress on connecting Cyprus's Aphrodite
field to Egyptian infrastructure for re-export.
Beyond fossil fuels, the discussions covered:
-Refining and Petrochemicals: Attracting US firms to
value-added industries.
-Sustainability: Ongoing cooperation with Honeywell on
Sustainable Aviation Fuel (SAF).
-Mining: Tapping into Egypt’s under-exploited mineral
wealth, including gold and critical minerals.
-Climate Compliance: Aligning Egyptian exports with the EU’s
Carbon Border Adjustment Mechanism (CBAM).
The talks were attended by senior Egyptian ministry officials, including Samir Raslan, undersecretary for agreements and exploration, and Mohamed El-Bagoury, head of legal affairs.