USTDA Aids Methane Emissions Reduction in Egypt Oil and Gas Industry

To aid Egypt’s efforts to deploy innovative technology and reduce methane emissions, improve air quality, and strengthen public health, the U.S. Trade and Development Agency (USTDA) awarded a technical assistance grant to Egyptian General Petroleum Corp. (EGPC).

In a media release, USTDA said the assistance will identify major methane emissions sources in Egypt’s oil and gas industry. It will also identify U.S. suppliers of related technologies to develop a roadmap for reducing these emissions across the sector.

“U.S. industry is a global leader of innovation in this area, and USTDA is proud to support Egypt’s ambitions while opening doors for U.S. solutions”, Enoh T. Ebong, USTDA’s Director, said.

EGPC selected Colorado-based IHS Global Inc. to perform the technical assistance, which will also identify candidate projects for methane emissions reduction tenders and assess potential markets and methods for monetizing methane abatement, USTDA said. The oil and gas sector offers some of the greatest opportunities for cost-effective reductions in global methane emissions, it said.

“USTDA grants such as this one help to develop sustainable infrastructure and foster economic growth in Egypt, creating good jobs for Americans and Egyptians and promoting two-way trade and investment”, Herro Mustafa Garg, U.S. Ambassador to the Arab Republic of Egypt, said.

“We are very pleased to have been selected by EGPC and the Ministry to perform this technical assistance, which should be instrumental in supporting Egypt’s leadership to launch a systematic program that creates a replicable path to address methane emissions in the petroleum sector”, Ambassador Carlos Pascual of S&P Global, representing IHS Global, said. “We thank USTDA for its commitment to this project and look forward to identifying a path for EGPC to reduce emissions and provide energy security for Egypt”.

This technical assistance supports U.S. priorities like the Partnership for Global Infrastructure and Investment and USTDA’s Global Partnership for Climate-Smart Infrastructure by promoting the use of U.S. technologies and services in overseas climate-smart infrastructure projects in the energy sector, USTDA said. It will also advance Egypt’s commitments under the Global Methane Pledge to cut methane emissions by 30 percent below 2020 levels by 2030, it said.

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