Egypt is a heavily statist country, and energy SoEs like Egyptian General Petroleum Corporation (EGPC) and their subsidiaries are all ONG heavy. They are also a major employer in Egypt.
This is the one risk that seems to never be mentioned in conversations around renewable energy - the biggest barrier to the energy transition is the job loss implications.
2. Fertilizers [1]
Manufacturing fertilizers requires NatGas for ammonia (NH3) synthesis. Egypt is one of the world's largest fertilizer manufacturing hubs [2]
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This is why ONG+fertlizer heavy countries like Egypt are trying to investigate the feasibility of green hydrogen [3]
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Egypt is a heavily statist country, and energy SoEs like Egyptian General Petroleum Corporation (EGPC) and their subsidiaries are all ONG heavy. They are also a major employer in Egypt.
This is the one risk that seems to never be mentioned in conversations around renewable energy - the biggest barrier to the energy transition is the job loss implications.
2. Fertilizers [1]
Manufacturing fertilizers requires NatGas for ammonia (NH3) synthesis. Egypt is one of the world's largest fertilizer manufacturing hubs [2]
----------------
This is why ONG+fertlizer heavy countries like Egypt are trying to investigate the feasibility of green hydrogen [3]
[0] - https://www.reuters.com/business/energy/egypt-rushes-catch-u...
[1] - https://www.reuters.com/business/energy/egyptian-fertilizers...
[2] - https://m.youm7.com/story/2024/4/15/%D8%B5%D9%86%D8%A7%D8%B9...
[3] - https://www.atlanticcouncil.org/blogs/new-atlanticist/the-gr...
Cheap NatGas means cheap ammonia synthesis, which means cheap fertilizers.
Sinai has also been in the midst of a violent Islamist insurgency [0] which can be further exacerbated by the security situation in Gaza.
[0] - https://www.brookings.edu/wp-content/uploads/2017/05/de-secu...