CAIRO, Egypt — Egypt, the United States and Germany launched on Nov. 11 at the UN climate conference COP27 an initiative that aims to reduce methane emissions from the Arab country’s oil and gas sector by adopting measures to eliminate flaring, venting and leaking in its infrastructure.
The step is part of a broader declaration signed between the three countries to accelerate Egypt’s energy transition. Yet in addition to its environmental benefits, the move could also capture at least 2 billion cubic meters (bcm) of gas that is currently wasted at a time when Cairo is trying to increase the production and export of this fuel, mainly to Europe. US President Joe Biden raised the figure to 4 bcm in his remarks at the climate summit.
