As you can see from the number of international attendances, Cairo looks to offer unprecedented participation from the global energy community for energy dialogue of global significance. The event is held under the patronage of His Excellency Abdel Fattah el Sisi, President of the Arab Republic of Egypt, supported by the Egyptian Ministry of Petroleum and Mineral Resources.

EGYPES 2024 is set to steer thought leadership in climate-conscious and sustainable energy production, highlighting the multitude of opportunities that arise from a responsible energy transition. Anticipating participation from over 35,000 attendees and 2,200 delegates. Gain direct access to the primary stakeholders involved in the region’s upcoming projects investing more than $1 billion in the oil and natural gas sector in the Western Desert region of Egypt.

 

Whereas, having such vast deserts on your doorstep, begs the question why is nobody investing in solar farms and hydrogen production via electrolyzers? Investment in fossil fuels might be counter productive, in any argument for gentle transitioning, when investments are going the wrong way. Global warming and the need to cool the planet should be the first priority. With that fairly and squarely on the drawing board, then, we might discuss change, but not before. Otherwise, this show is more about delaying technology swap, while extra $dollars are squeezed out, at the expense of more towns burning in Canada and Greece. That would be just as unfair as not helping Arabia to adjust technology wise.

 

You may have noticed the Egypes agenda as published, is slanted more towards mitigation, than transition.

EGYPES provides an ultimate business platform where country pavilions convene to boost bilateral trade, discuss commerce and innovation. Join 28 NOCs, IOCs & IECs along with 500+ exhibiting companies.

 

The land of the Pharaohs and Pyramids is an ideal location to meet and discuss using the vast deserts as a resource to generate virtually unlimited electricity. Egypt and surrounding nations literally bask in solar energy. The land is steeped in historical wonder at the Sun, as the giver of life, and provider of energy for crops to grow.

 

 

 

HE Tarek El Molla Minister of Petroleum & Mineral Resources Arab Republic of Egypt	HE George Papanastasiou Minister Energy, Commerce & Industry Cyprus	HE Hayan Abdul Ghani Abdul Zahra Deputy Prime Minister and Minister of Oil, Republic of Iraq	HE Pedro Rafael Tellechea Ruiz Minister Petroleum, Venezuela President Petroleos de Venezuela (PDVSA)	HE Antonio Oburu Ondo Minister of Mines and Hydrocarbons Equatorial Guinea
HE Dr Walid Fayad Minister of Energy and Water Lebanon	HE Francisco da Costa  Monteiro  Minister Petroleum Resources Democratic Republic of Timor-Leste	Alexandra Sdoukou Deputy Minister for Environment and Energy Greece	Hon Judith Kapinga Deputy Minister Ministry of Energy, Tanzania	HE Dr Amani Abou-Zeid Commissioner for Infrastructure, Energy & Digitalisation African Union
Ditte Juul Jørgensen Director General for Energy European Commission	HE Haitham Al Ghais Secretary General Organization of the Petroleum Exporting Countries (OPEC)	HE Dr Omar Farouq Ibrahim Secretary General The African Petroleum Producers Association (APPO)	HE Nasser Kamel Secretary General Union for the Mediterranean (UfM)	HE Osama Mobarez Secretary General East Mediterranean Gas Forum (EMGF)
Dr Houda Ben Jannet Organisation Méditerranéenne de l’Energie et du Climate	HE Eng Jamal Al Loughani Organization of Arab Petroleum Exporting Countries (OAPEC)	Murray Auchincloss CEO  British Petroleum (BP)	Terje Pilskog Chief Executive Officer Scatec	Musabbeh Alkaabi  Exec. Dir. Low Carbon Solutions & International Growth ADNOC

 

 

 

EGYPES 2024 kicked off on the 19th of February, with a stunning cast of speakers from gas, oil and petroleum companies. A wonderful place to meet, network and broker energy distribution deals, mainly for fossil fuel companies, but also looking forward to the inevitable transition to electricity generation and storage technology and infrastructure 

 

 

CAIRO MONDAY 19 FEBRUARY 2024 - SISI HIGHLIGHTS FINANCING CHALLENGES FOR EGYPT & AFRICA IN MEETING ENERGY COMMITMENTS

President Abdel-Fattah El-Sisi underscored the financing difficulties faced by African countries, including Egypt, in meeting climate and energy transition commitments.

El-Sisi was speaking at the inauguration of the Egypt Energy Show (EGYPES 2024) on Monday, themed “Driving Energy Transition, Security, and Decarbonization.”

The seventh EGYPES 2024 is being held at Al-Manara International Conference Centre, New Cairo, through Wednesday.

The event has attracted officials, local and global energy sector leaders, CEOs, and tens of thousands of attendees and delegates from the energy sector.

El-Sisi emphasized that while advanced countries in Europe and the US can fulfil their commitments due to their organizational and economic capacities, Egypt and Africa are struggling to implement theirs.

He stressed that fulfilling such commitments becomes extremely challenging in low-income countries.

ENERGY COMMITMENTS IN EGYPT

El-Sisi referred to Egypt’s achievements over the past decade to fulfill its energy commitments, including increasing the number of households connected to the natural gas network to 15 million.

This initiative has enabled 60 percent of residential units in Egypt to utilize natural gas, but it required significant time, effort, and financial resources, the president said.

El-Sisi also addressed the challenges posed by the poor conditions of Egypt’s infrastructure and roads, which led to annual losses of around $9-10 billion.

“Over the past seven years, I would humbly say that we have successfully overcome this problem but at a tremendous cost,” El-Sisi stated.

FINANCING CLIMATE COMMITMENTS

El-Sisi questioned whether international financial institutions, witnessing Egypt's efforts and accomplishments, have shown readiness to provide low-cost financing to support the implementation of such commitments and plans.

He stressed that this question applies to Egypt and Africa as a whole, highlighting the implications for countries with modest economies if they do not receive the necessary funding.

The president referred to the $100 billion pledge advanced countries made to help developing economies meet climate action goals, which was endorsed during the 2015 Paris Climate Conference (COP21).

These commitments have not been fully honored by the pledging states, he added.

“These commitments were made by advanced and giant countries, which bear significant responsibility for global climate change issues,” the president stated.

ECONOMIC HURDLES

El-Sisi highlighted the challenges facing Egypt, including the economic implications of the COVID-19 pandemic and the Russia-Ukraine crisis, as well as the turbulence along Egypt's borders with Libya, Sudan, and the Gaza Strip.

He noted a 40-50 percent drop in Suez Canal revenues, which used to contribute about $10 billion annually to Egypt, amid the ongoing regional developments.

“All this is going on while the Egyptian government is committed to fulfilling its obligations with petroleum companies, development partners, and financial institutions,” the president said.

El-Sisi emphasized that Egypt has been diligently attempting to fulfill its commitments, even though they require significant financial resources.

He expressed readiness to undertake further commitments if additional financing opportunities arise.

 

EGYPES 2024

 

The Cairo event welcomed the international energy community on the 19th until the 21st of February 2024 at the Egypt International Exhibition Center to address energy transition, security and decarbonisation globally. The Middle East is leading the conversation around a fair and equitable energy transition and energy future. At the nexus between North Africa, Sub-Saharan Africa, the Mediterranean, and the Middle East, Egypt is emerging as a gateway to new energy frontiers, as well as an attractive investment and partner destination in its own right.

The event promises to be an immersive experience to collectively pave the way towards achieving ambitious decarbonisation goals, experience the EGYPES Future Energy Zone & Theatre to play your role in becoming a catalyst for shaping a sustainable future on the road to net-zero. According to their website, they are showcasing solutions in: 

Decarbonisation | Hydrogen Fuel | Desulphurisation | Transitional Fuels | Climate Tech | Methane Reduction | Renewable Energy | Net-Zero Innovations | Carbon Capture Utilisation & Storage

 

 

 

 

 

CLIMA-TECH CHALLENGE

With a rich programme of keynote speeches, motivational talks and panel discussions, the Challenge will gather global energy industry visionaries, investors, change- makers, and emerging start-ups to showcase the critical innovations and groundbreaking climate technologies that are creating value and offering innovative solutions to reduce greenhouse gas emissions. Showcasing solutions in: 

Renewable Energy | Energy Storage | Energy Efficiency | Carbon Offsetting | Direct Air Capture | Climate Analytics | Hydrogen Fuel Cells | Environmental Sensors | CCUS | Circular Economy 

YOUNG PROFESSIONALS PROGRAMME

The Young Professionals programme extends its impact across an on-site and off-site learning experiences that actively engage high school and university students within the framework of STEM Education, with expansions into Science, Technology, Engineering, and Mathematics. Engagement initiatives featuring: 

 

Race to Zero Game | Zero-Carbon City | Green Energy Village | Technology Zone | Engineering Zone | Industrial Field Trips | Youth Competition | Expo Tours | Youth Talks | Volunteer Programme

 

 

 

EGYPES CONTACTS

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