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TunisiaEU and partners promote Egypt gas connection
November 3, 2015
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The EU has allocated a €68 million grant to the Egypt Gas Connection Project, aiming to address key priorities in Egypt’s energy sector and boost its economic development. The Egyptian government has identified the need to increase household use of natural gas among its immediate priorities.
The project will be implemented in collaboration with the French Development Agency, which will contribute a €70 million loan and the World Bank, which has offered a $500 million loan.
EU foreign policy chief Federica Mogherini, said the EU grant would concretely support an estimated 800,000 poor households by halving the cost of installing their gas connection. “In due course, the project will alleviate the financial burden and support the disadvantaged population in switching to natural gas. ”
She added the project was particularly relevant at a time when the international community was working for a global climate deal at the UN climate conference in Paris. “This project will also provide significant support to Egypt in advancing towards climate friendly and low carbon energy.”
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EU Delegation to Egypt – website and Facebook page
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