News listings

energy-pedia climate change

Egypt flagEgypt

Middle East / Africa >>> Egypt

Egypt: Energean signs MOU with Shell Egypt to investigate CCS - decarbonisation potential

16 Feb 2023

Photo - see caption

Energean has announced that Energean Egypt has entered into a memorandum of understanding (MOU) with Shell Egypt to explore a mutually beneficial decarbonisation solution.

Energean and Shell's MOU is designed to support the decarbonisation and the energy transition of the Arab Republic of Egypt contributing to the global efforts against climate change.

Energean will build on its experience in designing a carbon capture & storage (CCS) solution in a depleted hydrocarbons field that it has operated for many years, mirroring the process ongoing in Prinos, Greece.

The proposed partnership is addressing a major CCS feasibility challenge, which is the ability to connect sizeable carbon emitters to an adequate geological structure. The study will focus on the decarbonisation of the LNG terminal in IDKU operated by Shell through capturing and storing the carbon dioxide in a depleted reservoir in the Abu Qir offshore concession operated by Energean. Future development stages will permit such facility to take emissions from other industrial emitters (e.g.fertilisers).

Egypt has undoubted CCS potential due to a series of interlinked factors:

  1. Well understood depleted gas fields, adjacent to much newer production facilities
  2. An infrastructure, skills and experience rich zone
  3. Demand from global markets and stakeholders for decarbonised molecular energy products

Nicolas Kacharov, Chief Executive Officer of Energean International and Country Manager Egypt, commented:

'CCS in Egypt can only be developed in long term partnerships with industries willing to 'green' their products. We are excited to work with Shell as such a credible and committed partner.'

Original article link

Source: Energean

Bookmark and Share

A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.

Subscriber Only Deals

Current Deals

Current Upstream Deals: 253

Completed Deals

Completed Upstream Deals: 6548

Company Profiles

Current Company Profiles: 2909

Corporate Activity

Current Corporate Activity articles: 4124

Companies Looking

Current number of articles: 466

Company Sales

Current Company Sales articles:1649


Current Geostudies articles: 959

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...

energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...

energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...


Subscribe to the FREE
energy-pedia Daily Newsletter

Telos NRG
Rose & Assocs
Union Jack Oil 149
Government of South Australia
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans

Tel: +44(0)1727 822675