Bulgaria and Egypt will cooperate in the supply of natural gas

Bulgaria and Egypt will cooperate in the supply of natural gas download this image

Bulgaria and Egypt will cooperate on possible future supplies of natural gas from Egypt to our country and the South East European region, in particular from Egyptian liquefied natural gas export terminals (LNG) and others. This is provided for in the Memorandum of Understanding between the Ministry of Energy of the Republic of Bulgaria and the Ministry of Petroleum and Mineral Resources of the Arab Republic of Egypt on cooperation in the field of natural gas, signed in Egypt by Ministers Rumen Radev and Tarek El-Molla, in the presence of the foreign ministers of the two countries, Maria Gabriel and Sameh Shoukry. Minister Radev visited the Arab country as part of a government delegation led by Deputy Prime Minister Maria Gabriel.

The Memorandum establishes a framework for deepening cooperation in the field of natural gas, based on mutual benefit and common interests and objectives of both countries. The document expresses the wish Bulgaria and Egypt to develop bilateral scientific, technical, technological and trade cooperation within the framework of their national legislation. It encourages the parties to share knowledge and best practices between companies and institutions in the fields of natural gas extraction, storage, transport and liquefaction, as well as mutual discussions on the purchase of LNG from Egyptian terminals.

Both countries will promote the exchange of information and expertise by strengthening the partnership between public and private institutions active in the gas sector.

During his visit to Egypt, Minister Radev also spoke with the Minister of Electricity and Renewable Energy of the Arab Republic Mohamed Shaker. The two sides discussed co-operation and the feasibility of projects of common interest. Bulgaria and Egypt are also working on a Memorandum of Understanding in the field of electricity and RES, which became clear during the conversation.

Bulgaria considers Egypt to be a key partner and underlines the strategic nature of this partnership. Effective energy contacts between both sides could form the basis for intensifying the relations between the countries of the Middle East, the Mediterranean and the Balkans.

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