The prospects for the hydrocarbon survey were discussed at meetings in Cairo by the leadership of the Ministry of Environment and Energy with senior executives of the two US companies (ExxonMobil and Chevron) operating in our country.

At the same time during a two -day visit to the Egyptian capital held at the beginning of the week by the Minister of Environment and Energy Theodoros Skylakakis and the Deputy Minister of Environment and Energy, Alexandra Sdoukou, on the occasion of the EGYPs 20 Energy Exhibition. of its area Storage of carbon dioxide.

Specifically, Mr. Skylakakis had a bilateral meeting with the Minister of Petroleum and Mineral Resources of Egypt, Mr. Karim Badawi, with whom they signed MOU, to promote Greece -Egypt cooperation in the field of commitment, use and storage ‘ .

In the context of Mou, Greece and Egypt recognize the importance of cooperation to facilitate the exchange of know -how in the CCS/CCUS sector, as well as the need for coordinated efforts to develop facilities – storage spaces for CCS/CCUS. Evolution, which will contribute to the achievement of climate goals and energy transition.

For her supervision cooperation and support for the achievement of the MOU’s goals will be set up a bilateral Greek-Egyptian Committee of High level. The Hellenic Hydrocarbons and Energy Resources Management Society (EDEP) will coordinate efforts, facilitating the work of the joint working groups to be set up, ensuring compliance with agreed priorities and timetables.

Mr Skylakakis also had a meeting with the President of the Department of International Research and Production of Chevron, Mr. Clay Neff, while along with Ms Sydoukou, he saw ExxonMobil Vice President John Ardill. Meetings with the representatives of the two giants in the hydrocarbon sector discussed the prospects of hydrocarbon investigations, in the context of existing contracts and invitations recently announced.

Mr. Skylakakis participated in a roundabout ministerial debate on energy security and industrial competitiveness. As part of this panel he referred to the initiatives taken by the Greek government, which shows that our country is moving at the same time in many different directions and even effectively to achieve the goals of “green” transition, energy security and reduction. of energy prices.

Talked, among other things, about the electrical interface where Greece is “building” with Cyprus And for procedures for the purpose of “green” electricity, interconnection with Egypt -which will mainly concern the transfer of wind energy from Egypt. “When the dust gets out of the tensions, what is left is the agreements you have entered into and the plans you have launched with your partners” The Minister of Environment and Energy said.

He also stood in interest by international giants for research in the Greek seas, for the exploitation of hydrocarbons. He also stressed that Greece has over 14GW in RES (wind and photovoltaic, mainly small investors). And how over the next 3-4 years it will exceed 20GW, with the highest weight of investments expected to be in photovoltaics. Finally, Mr. Skylakakis noted that Greece is self -sufficient at the level of electricity and for the first time in two decades, in 2024 it became to some extent export.

For her part, Ms. Sedoukou participated in different panels, in ‘Egypes 2025’, on the subject of starter businesses Clean Energy and Climate Technology Technologies And how competitiveness can be enhanced through climate innovation in the Southeast Mediterranean.

The deputy minister pointed to the decisive role of these technologies in tackling climate change and the great margins that still exist. “Today, we have already developed many technologies. However, 35% of the greenhouse gas emissions reduced by 2050 will come from technologies that still do not exist on the market. “ he said.

At the same time, it highlighted the need to form the appropriate conditions for the development of innovative clean energy solutions. As he said, “Simplifying the regulatory framework, facilitating access to funding and strengthening international partnerships are decisive factors so that start -ups have less costs, experimenting and testing new ideas with less restrictions and can convert innovative ideas to products ready to buy faster. “

Finally, the Minister of Environment and Energy inaugurated the EDEEP booth at the International Energy Exhibition and the Deputy Minister of Environment and Energy participated in the East Mediterranean Gas Forum (EMGF) event in an Eastern Mediterranean Energy Energy.