Egypt signs deals with France's Engie on LNG imports, renewable energy development

Ahram Online , Tuesday 19 Apr 2016

The logo of French gas and power group Engie is seen on the company tower at La Defense business and financial district in Courbevoie near Paris, France, March 2, 2016 (Reuters)

France-based global gas supplier Engie said on Monday that it signed two cooperation agreements with Egypt to meet some of the Arab nation’s demands for Liquefied Natural Gas (LNG) and for further renewable energy development.

The agreements were signed with the Egyptian Natural Gas Holding Company, the National Renewable Energy Association and the Egyptian Electricity Transport Company during President Francois Hollande’s three-day visit to Cairo, accompanied by a large delegation of French businessmen, Engie said on its website without further details.

Over the last two days, Holland and Egyptian President Abdel-Fattah El-Sisi signed a number of financial deals worth more than 1.5 billion euros, as well as memorandums of understandings in the fields of transport, energy, renewable energy, gas and tourism.

Engie, formerly known as GDF Suez, and its partners are already conducting a number of renewable energy projects in Egypt including solar photovoltaic and wind projects in the south.

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