JEDDAH: Egypt has signed two memorandums of understanding with Syria to supply natural gas for electricity generation and provide petroleum products, as Cairo moves to strengthen its position as a regional energy transit hub.
According to Egypt’s petroleum ministry, the agreements were signed during talks between its Minister of Petroleum and Mineral Resources Karim Badawi and a Syrian delegation led by Deputy Minister of Energy for Oil Affairs Ghiath Diab.
The deals were formalized by Diab and Mohamed El-Bagoury, head of legal affairs at the Egyptian ministry.
The agreements come as Egypt seeks to capitalize on its liquefied natural gas plants, pipelines and floating regasification units to position itself as a regional energy hub.
Syria’s energy sector has been severely weakened by years of conflict and damaged infrastructure, prompting redevelopment efforts and regional cooperation which underscores the importance of external partnerships in rebuilding the country’s power and oil networks.
