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Egypt and Greece have embarked on a new phase of energy cooperation, focusing on carbon capture and storage (CCS) and green hydrogen initiatives. In a recent meeting, Egypt's Minister of Petroleum and Mineral Resources, Karim Badawi, and Greece's Minister of Environment and Energy, Theodoros Skylakakis, discussed a roadmap for advancing collaboration in these areas. The talks, held in Cairo, aimed to strengthen bilateral ties in sustainable energy and pave the way for future cooperation in low-carbon energy solutions.
Key to these discussions was the exploration of CCS technology and green hydrogen storage and transportation, which both nations see as vital to their future energy security. The ministers revealed ongoing plans to formalize a cooperation agreement on CCS, with the European Union's (EU) regulatory frameworks playing an important role in shaping this partnership.
At the heart of the talks was the ambitious GREGY subsea interconnection project, which aims to link Egypt’s renewable energy capacity, including wind and solar, with Greece and Europe. The project, developed by the Copelouzos Group, has been included in the EU’s Global Gateway framework and is expected to transmit 3.5 GW of renewable energy—75% of which will come from wind power, addressing Greece’s need for clean energy imports during nighttime hours.
The shift toward wind energy reflects a strategic move to balance Greece’s existing high solar capacity with Egypt’s cost-effective wind power potential. This adjustment comes amidst concerns from Greek renewable energy producers about the scale of the GREGY project and its potential impact on domestic energy markets. As the project progresses, both governments are working to ensure that the benefits of this massive energy collaboration will be shared equitably and contribute to Europe's broader renewable energy goals.
The discussions signal a deepening partnership between Egypt and Greece, positioning both countries as pivotal players in the transition to cleaner, more sustainable energy sources in the Mediterranean and beyond.
