Middle East News

Following yesterday’s news that the Suez Canal Economic Zone (SCZONE) has signed six Memoranda of Understanding (MoU) with international companies and consortia for the production of green hydrogen and green ammonia in Sokhna., Dr Minh Khoi Le, Head of Hydrogen at Rystad Energy, has predicted that: ‘Egypt has all the prerequisites to become a green hydrogen giant – fantastic renewable potential, space for mega projects and construction expertise.’

The Suez Canal Economic Zone (SCZONE) is taking further steps to prepare the groundwork for the production of green fuels for the export market and for bunkering with the signing of six Memoranda of Understanding (MoU) with international companies and consortia for the production of green hydrogen and green ammonia in Sokhna.

ADNOC’s plans for an LNG plant in Fujairah, which would underpin the UAE’s ambitions to become a key gas exporter and may offer LNG bunkering services, have moved forward with the appointment of McDermott International as the design contractor.

The International Chamber of Shipping (ICS) and Egypt’s Suez Canal Authority (SCA) have signed a Memorandum of Understanding (MOU) which they say will ‘open communication on long-term strategies for toll pricing, environmental protection, and decarbonisation’.

In a move which is expected to bring a significant boost to the Egyptian port sector, Hapag-Lloyd, Eurogate and Contship have formed a joint venture company to develop and operate the new Terminal 2 at Damietta.

Monjasa has completed its first blending and supply of marine biofuels in the United Arab Emirates (UAE).

Fujairah Engineering Company LLC (FECO) has reached an agreement with Salalah Port Services Company SAOG (SPS) to operate the now called FECO bunkering facility.

Egyptian Prime Minister Dr. Mostafa Madbouly has today (20 April) witnessed the signing ceremony for two memoranda of understanding for projects – one of which aims to produce green fuel for bunkering in the Suez Canal Economic Zone (SCEZ).

Marine and international trade lawyer Rania Tadros has joined Stephenson Harwood as managing partner at its Dubai office.With over 20 years’ experience handling shipping and offshore energy disputes, Tadros has joined the firm from Ince, where she was the Dubai office managing partners for over seven years.

Maersk and the Egyptian authorities have signed a partnership agreement to explore the feasibility of setting up large-scale hydrogen and ‘green marine fuel’ production facilities in Egypt, with the shipping giant acting as a ‘committed offtaker’.