Petroleum Min. Participates in "Gastech" Conference in Singapore

Tarek El Molla, Minister of Petroleum and Mineral Resources, participated in the strategic ministerial session within the activities of the Gastec 2023 conference in Singapore.

During the Gastec conference, a number of petroleum and energy ministers will discuss the role of natural gas and liquefied gas in enabling the global energy industry to meet the short-term requirements for low-carbon energy.

The session included Ekperiki Eko, Nigerian Minister of State for Petroleum and Gas Resources, Babak Ariadji, Indonesian Deputy Minister of Energy and Mineral Resources, and Joseph McMonigle, Secretary-General of the International Energy Forum.

El Molla confirmed during the session that there is currently a spread and acceleration in natural gas and liquefied gas activities and projects in light of a global consensus that natural gas is the best fuel during the transitional phase of the complete energy transition.

He pointed out that Egypt is building on the momentum created by the COP27 climate conference, and that to achieve the desired goals, there is a need for continuity and sustainability in pumping investments and supporting ways of cooperation and integration between countries.

The minister met on the sidelines of the conference with Boris Johnson, former British Prime Minister, and a number of heads of international oil and gas companies.

Johnson stressed that the challenges currently witnessed in the economic and geopolitical climate make it imperative for governments to deal with the challenges of climate change on the one hand and meet the increasing demand for energy on the other hand.

He added the coming winter will witness high inflation rates and uncertainty around energy prices, which requires concerted efforts, cooperation and integration towards a better future for all.

The “Gastech” conference is one of the largest international conferences held annually in the field of natural gas. It discusses the most important issues and modern technologies in the field of natural gas, liquefied gas, hydrogen, and reducing carbon emissions, and more than 40,000 participants participate in its activities.

During the session of heads and leaders of the energy sector, heads and officials of ExxonMobil, Eni, Shell, Chevron, and Vitol discussed the conditions and dynamics of global liquefied gas markets and their ability to meet the global needs of the energy system in the future.