In the years since 2015, when gas production was low and Egypt had to rely on imports to meet its needs, the government has implemented policies to boost oil and gas output at home. The 2017 Law for Gas Market Activities Regulation helped the authorities attract greater international investment in the offshore segment, and this was further supported by the establishment of the Natural Gas Regulatory Authority. Recent bidding rounds have led to a diverse mix of national and international energy firms operating in the

As environmental, social and governance concerns become increasingly important in the corporate world, insurance companies are emerging as potentially key players in the shift away from fossil fuel-powered projects. The launch of the UN-convened Net-Zero Insurance Alliance (NZIA) in July 2021 reflects the global industry’s wider recognition of climate risks. Net Zero The NZIA was founded by eight of the world’s biggest insurers and reinsurers that are committed to transitioning their underwriting portfolios to net zero by 2050. AXA, Allianz, Aviva, Generali, Munich Re, SCOR,

Alongside a rapidly expanding renewable energy segment, Egypt is looking to adopt hydrogen technology to further diversify the energy mix. The construction of green hydrogen facilities will support the government’s plan to establish Egypt as global energy leader in line with Egypt Vision 2030. The International Energy Agency believes that hydrogen will be an integral part of a net-zero emissions future, and many nations seem to agree: from 2019 to 2021 the number of national hydrogen strategies worldwide increased from three to 17. While the global capacity of electrolysers used to produce hydrogen was less than 1 GW in 2021, international interest in the technology