USTDA Partners with Egyptian National Oil Company to Reduce Methane Emissions

Arlington, VA - Today, the U.S. Trade and Development Agency awarded a technical assistance grant to the Egyptian General Petroleum Corporation (EGPC) to support Egypt's priority of deploying innovative technology to reduce methane emissions, improve air quality, and strengthen public health. USTDA's technical assistance will identify major sources of methane emissions in Egypt's oil and gas industry and U.S. suppliers of related technologies to develop a roadmap for reducing these emissions across the sector.

"This partnership with EGPC will catalyze the deployment of technologies to reduce methane emissions while monetizing an otherwise wasted resource," said Enoh T. Ebong, USTDA's Director. "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."

EGPC selected Colorado-based IHS Global Inc. (IHS Global), a subsidiary of S&P 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. The oil and gas sector offers some of the greatest opportunities for cost-effective reductions in global methane emissions. U.S. industry leads the development of innovative technologies that can help address this priority.

"We are delighted to be here today to sign this grant that will support development for of this roadmap," said Egyptian Minister of Petroleum and Mineral Resources Karim Badawi. "We value our partnership with USTDA and look forward to continuing our work on reducing emissions in the petroleum sector and working together on Egypt's green energy transition."

"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," said Herro Mustafa Garg, U.S. Ambassador to the Arab Republic of Egypt.

"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," said Ambassador Carlos Pascual of S&P Global, representing IHS Global. "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. It will also advance Egypt's commitments under the Global Methane Pledge to cut methane emissions 30% below 2020 levels by 2030.

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The U.S. Trade and Development Agency helps companies create U.S. jobs through the export of U.S. goods and services for priority infrastructure projects in emerging economies. USTDA links U.S. businesses to export opportunities by funding project preparation and partnership building activities that develop sustainable infrastructure and foster economic growth in partner countries.

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