Egypt signs two MoUs with UAE for the production of green hydrogen

Egyptian Prime Minister Mostafa Madbouly witnessed the signing of two new Memoranda of Understanding on cooperation in the development of green hydrogen production plants in the Suez Canal Economic Zone and on the Mediterranean coast. According to a statement, the first memorandum of understanding was signed between the General Authority for the Economic Zone of

Fujairah faces more bunkering competition

The UAE’s Port of Fujairah, the world’s third-biggest bunkering hub, is facing increased competition to supply marine fuels in the region, with new entrants ranging from Saudi Arabia to Qatar and Egypt. Qatar has started supplying marine fuels for its own LNG fleet and is now probably the second-largest bunkering hub in the Middle East

Masdar and Engie to develop hydrogen hub in UAE

Emirati renewable energy company Masdar has formed a strategic alliance agreement with French multinational utility company Engie to develop a green hydrogen hub in the United Arab Emirates (UAE). The hub will consist of projects with at least 2GW of capacity, which will be developed by 2030 with a total investment of $5bn. Engie CEO

UAE targets 25% of global hydrogen fuel market by 2030

The United Arab Emirates (UAE) aims to capture 25 per cent of the global hydrogen fuel market by 2030, state news agency WAM reported. The major oil producer also said that it was implementing more than seven ambitious hydrogen projects, targeting main export markets including Japan, South Korea, Germany and India, in addition to other