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Germany and Egypt agree on partnership to develop hydrogen economy

German Chancellor Olaf Scholz and Egyptian President Abdel Fattah el-Sisi attend a joint press conference at the federal chancellery on July 18, 2022 in Berlin, Germany. President Al-Sisi is on an official visit to Germany and met with German President, Frank-Walter Steinmeier earlier in the day. [Omer Messinger/Getty Images]
German Chancellor Olaf Scholz and Egyptian President Abdel Fattah el-Sisi attend a joint press conference at the federal chancellery on July 18, 2022 in Berlin, Germany. President Al-Sisi is on an official visit to Germany and met with German President, Frank-Walter Steinmeier earlier in the day. [Omer Messinger/Getty Images]

Germany and Egypt have agreed to cooperate on building a hydrogen economy as part of Europe's efforts to diversify its energy sources, news agencies reported on Monday. Agreement was reached during a visit by Egyptian President Abdul Fattah Al-Sisi to Berlin where he took part in the 13th Petersberg Climate Dialogue.

German Chancellor Olaf Scholz made the announcement in a joint news conference with the Egyptian president. He said that this would be part of Germany's efforts to reduce its dependence on Russian gas.

"For the transformation of industry in countries like Germany, electricity and hydrogen will be crucial," Scholz said. "Much of that hydrogen will be imported." he added. Germany's need for gas imports was described by the chancellor as a "very big opportunity" for other countries.

"One thing we have had to learn from this crisis is that it is important to diversify," said Scholz. "You shouldn't rely on one single partner but must have many good partners."

Al-Sisi affirmed Egypt's "full readiness" to lay the foundations of a firm partnership with Berlin on energy. This could be either by exporting natural gas to Germany and the EU, or establishing an "extended partnership" as part of "Egypt's ambitious vision to transform itself into a distinguished hub for the production and export of clean energy, especially green hydrogen and solar and wind energy."

READ: Egypt releases batch of political prisoners following Biden-Sisi meeting in Jeddah

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