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Tuesday, February 7, 2023
The Egyptian Natural Gas Company (EGAS) and Transgaz, operator of the natural gas transportation network in Romania, have signed a memorandum of understanding (MoU) for enhanced gas transportation, according to an announcement by the Egyptian Cabinet.
Prime Minister Mostafa Madbouly and his Romanian counterpart Nicolae Chuca witnessed the signing of the MoU signed by EGAS Chairman Magdy Galal and General Manager of Romania’s Transgaz Ion Sterian.
Under the terms of the MoU, joint working groups will be formed to discuss issues including European laws, gas market regulations, reforms in the energy sector, and natural gas pricing, Galal noted.
Galal related that the MoU with Transgaz aims to braoden cooperation between Egypt and Romania in projects to develop the infrastructure for transporting natural gas, as well as to exchange knowledge, skills, and technical expertise.
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