El Sisi warned of financing difficulties faced by African countries،at EGYPES 2024

The Egypt Energy Show 2024 (EGYPES)، held under the patronage of his excellency Abdel Fattah El Sisi، President of the Arab Republic of Egypt، financing difficulties faced by African countries، including Egypt in Cairo، witnesses an unprecedented gathering of over 35 thousand energy stakeholders، uniting policymakers، ministers، and industry leaders under the theme 'Driving energy transition، security، and decarbonisation'، and continues to steer thought leadership on the full spectrum of energy، enabling energies of the future for Africa and the Mediterranean.

The Egypt Energy Show 2024 (EGYPES)، Conferences held under the patronage of his excellency Abdel Fattah El Sisi، took center stage، driving global energy dialogue engaging senior stakeholders towards climate-conscious and sustainable energy production by expanding its global reach and introducing the EGYPES 2024 Future Energy Zone & Theatre، as well as unveiling innovation energy products and solutions، and essential blueprints for energy transition.

EGYPES is sure to be a celebration of progress and collaboration

The Egypt Energy Show 2024 (EGYPES)، is sure to be a celebration of progress and collaboration and shines on Cairo for the most important energy gathering in Africa and the Mediterranean as the special edition of the global energy limelight opens doors to energy stakeholders from 120+ countries.

The Egypt Energy Show 2024 (EGYPES) during 19 - 21 February، presents increased participation from many countries، featuring a powerhouse lineup of 26+ NOCs، IOC and IECs، 10+ Energy Ministers، and 20+ Industry CEOs and Energy Presidents.

Egypt Energy Show 2024 promises to be a nexus of innovation and collaboration

The Egypt Energy Show 2024 (EGYPES)، with 300+ thought leaders and speakers، alongside hundreds of energy companies، promises to be a nexus of innovation and collaboration as the success of day one sets a promising tone for day 2 of EGYPES 2024، where collaboration، innovation، and sustainable energy solutions come to life.

The Egypt Energy Show 2024 (EGYPES)، is concerned with decarbonisation، methane reduction، emissions abatement، and energy efficiency which took center stage in shared agendas، addressing the urgent need for low-carbon energy systems and as the energy transition gains momentum، the industry stands as the catalyst for change، championing initiatives and ensuring a just and secure energy supply for all.

EGYPES held under and inaugurated by his excellency Abdel Fattah El Sisi

The Egypt Energy Show 2024 (EGYPES)، held under and inaugurated by the patronage of his excellency Abdel Fattah El Sisi، positioned Egypt as a major energy hub during the 7th edition of EGYPES، a pivotal global gathering for energy dialogue in Africa and the Mediterranean and united a distinguished gathering of government officials، global energy leaders، and industry experts as well as showcases Egypt’s potential as a major regional energy trading hub.

The Egypt Energy Show 2024 (EGYPES) underscores the country’s stable investment climate and welcomes open-door policies، makes it an attractive destination for international businesses، according to his excellency Abdel Fattah El Sisi.

Egypt’s remarkable achievements in boosting the energy transition

During the inauguration the Egypt Energy Show 2024 (EGYPES)

President El Sisi highlighted Egypt’s remarkable achievements boosting the energy transition as well as the role that financing plays as a catalyst for change and a key enabler for carrying out the necessary reforms in the nation’s energy sector.

President El-Sisi underscored at the Egypt Energy Show 2024 (EGYPES) the multifaceted challenges confronting Egypt، ranging from the economic ramifications of the COVID-19 pandemic to the geopolitical complexities stemming from the global crisis and the instability along Egypt’s borders.

EGYPES inspired avenues for global collaboration and ambitious action

The Egypt Energy Show 2024 (EGYPES) inspired avenues for global collaboration and ambitious action during opening ceremony by highlighting the magnitude of opportunities that arise from a full spectrum energy ecosystem، while navigating through these challenges، the Egyptian government remains steadfast in meeting its commitments to petroleum companies، development partners، and financial institutions، affirmed the president El Sisi.

President El-Sisi raised at the Egypt Energy Show 2024 (EGYPES)، concerns about whether international financial institutions، observing Egypt’s efforts and achievements، are prepared to offer low-cost financing to bolster the implementation of such commitments and plans، while emphasised that this concern extends beyond Egypt to encompass the entirety of Africa، underscore the repercussions for countries with modest economies if they fail to secure the necessary funding.

Abdel Fattah El Sisi referenced the $100 billion pledge made by developed countries

The president Abdel Fattah El Sisi referenced the $100 billion pledge made by developed countries during the 2015 Paris Climate Conference (COP21) to assist developing economies in achieving their climate action objectives، noting that critical action is essential by all parties to deliver a resilient energy future.

President El-Sisi further praised Africa at the Egypt Energy Show 2024 (EGYPES)، as a treasure trove for the development of renewable energy، emphasising how financing the continent’s energy transition could unlock unlimited resources for communities in the region and around the world as Africa has immense renewable energy capacity which can generate thousands of megawatts in electric power.

EGYPES focuses on energy challenges that all Africans face

In his opening speech at the Egypt Energy Show 2024 (EGYPES)، His Excellency Minister of Petroleum and Mineral Resources Tarek El Molla stated that this edition of EGYPES focuses on energy challenges that all Africans face as the EGYPES conference and platform is considered as a way to support cooperation and integration to build a better future for the next enerations.

El Molla declared that this year’s EGYPES conference is being held in the midst of a series of regional and global challenges، especially the phenomenon of climate change that threatens the future of sustainable development، particularly with its increasing negative effects on economic activity.

The economic significance of petroleum in ensuring supplies and fulfilling the needs of all Egyptians

He further expanded at the Egypt Energy Show 2024 (EGYPES)، on the economic significance of petroleum in ensuring supplies and fulfilling the needs of all Egyptians، as the oil and gas sector plays a crucial role in securing energy sources in Egypt comprehensively.

El Molla indicated that beyond meeting the ongoing demands of the local market and development projects for petroleum products and natural gas، the sector is actively pursuing an integrated strategy to curtail emissions، thereby، fostering the emergence of new success stories and stressing the petroleum sector’s tireless efforts to reduce emissions.

The oil and gas sector’s efforts to reduce emissions were not the result of current circumstances، but rather were the result of a comprehensive future vision and strategy launched by the sector since 2016 as part of the sector development and modernisation project، he explained.

Christopher Hudson، the esteemed organiser of the Egypt Energy Show 2024، EGYPES

Representing the esteemed organiser of the Egypt Energy Show 2024، EGYPES، the inauguration witnessed a speech of Christopher Hudson، President of dmg events، offering an excited audience a warm welcome to this pivotal occasion declaring that this year he is proud to bring the most ambitious Egypt Energy Show to date with advancing energy transition، securing supply، and decarbonising the industry which are the essence of this conference.

Christopher Hudson announced at inauguration of the Egypt Energy Show 2024، EGYPES، the Innovating new partnerships to support economic growth and progress، increasing supply and demand، while striving for a balance that requires collective action to foster fruitful collaboration across the industry to accelerate the energy transition، unprecedented in its scale as there are also new energies such as green hydrogen and innovations in this field، which are crucial for achieving this transformation and progress in the energy sector and Egypt plays an active and vital role as a platform and catalyst for change، innovation، and investment to achieve and secure a sustainable energy future.