The discoveries of the Eastern Mediterranean Gas Forum alleviate the gas crisis in Europe, President Abdel Fattah el-Sisi said.
El-Sisi pointed out that the volume of supply was not at the required level during the past years.
He noted that the prices have been increased during the COVID-19 and the Russian-Ukrainian crises.
Egypt Petroleum Show (EGYPS 2023) kicked off Sunday in the presence of President Abdel Fattah El-Sisi.
The EGYPS 2023 takes place from February 13 to 15 at Egypt International Exhibition Center.
It is held under the theme ‘North Africa and The Mediterranean: Supporting Sustainable Global Energy Supply and Demand’.
The inauguration was attended by Prime Minister Mostafa Madbouli, Minister of Petroleum and Mineral Resources, Tarek El-Molla, and a number of ministers and senior statesmen.
All CEOs of the energy, oil and gas sector in the world will participate in the EGYPS 2023, in addition to a group of energy ministers, government representatives, high-ranking officials of the European Union, secretaries of major international energy organizations, business leaders and investors in the energy sector to discuss the most important issues to support the progress of the oil and gas sector.
Source: Egypt Today Magazine