Eni signs Egypt hydrogen accord

Eni has signed an agreement with two of Egypt’s state energy companies to assess the feasibility of producing green and blue hydrogen in the country.

The super-major announced the deal with the Egyptian Electricity Holding Company (EEHC) and the Egyptian Natural Gas Holding Company (EGAS) on Thursday.

The parties will assess the production of green hydrogen using renewable energy, as well as blue hydrogen through the storage of CO2 in depleted gasfields.

As part of feasibility studies, the partners will examine the potential local market consumption of hydrogen as well as export opportunities.

Egypt has recently shown a surge of interest in breaking into the hydrogen market. In June, the country’s minister of electricity and renewable energy has revealed plans to invest USD 4 billion in a green hydrogen project, which he said was in the feasibility study stage.

Egypt expects to reach a 20% share of renewables in its energy mix by the end of 2021 – compared to just 5% in 2014.