“Gas Investors”: The silicon production complex will achieve a boom in the production of electronics

Dr. Mohamed Saad El-Din, Chairman of the Liquefied Gas Investors Association, praised the national plan implemented by the state to achieve maximum economic benefit from Egypt's natural resources, instead of exporting them as raw materials, thus enhancing their returns to the Egyptian economy.

Saad El-Din stressed that the silicon production complex, which is being established in the new city of El Alamein, will achieve an unprecedented industrial boom for Egypt in providing production commitments and raw materials for the electronics chip industry, as well as the solar cell industry.

Increasing demand for solar energy projects

The head of the Liquefied Gas Investors Association explained that this national project is considered one of the most prominent strategic directions and keeps pace with the growing global expansion of technology industries that rely on polysilicon and all its derivatives, as well as the increasing demand for solar energy projects to achieve sustainability in new and renewable energy locally and globally.

The head of the Liquefied Gas Investors Association stressed that this project is considered one of the best dollar resources for the Egyptian economy, in light of the global demand for these products, which are in line with the global trend towards the use of renewable energies and in line with the general policies of the Egyptian state to expand the use of solar energy as a source of clean renewable energy. And within the framework of the petroleum sector’s vision that aims to achieve sustainability in all its projects and to be environmentally friendly projects.

Natural Gas Investors Association

On the other hand, Dr. Mohamed Saad El-Din, Chairman of the Natural Gas Investors Association, confirmed that Egypt has benefited from the recent global events, and despite the occurrence of global economic problems and crises that affected the Egyptian economy, it benefited from the increase in the exported quantities of liquefied natural gas after a hiatus for years. Especially with the rise in gas prices since the start of the Russian-Ukrainian crisis, due to the suspension of Russian gas supplies to Europe.

He added, the European market is one of the best importing markets for Egyptian liquefied natural gas, and there are constant demands to secure its gas needs, especially in the winter season.

The Egyptian state has taken a number of steps and procedures to meet the market's need for natural gas, reduce its import bill, and achieve self-sufficiency. One of these steps was: 

- Demarcation of international and maritime borders, which made it possible to benefit from the wealth of the country located within its borders.

- Production of a number of natural gas fields, which greatly contributed to increasing the country's production

- Reaching self-sufficiency and bridging the import gap, especially after the new discoveries in the production of the large Zohr field.

Egypt currently produces 7.1 billion cubic feet of natural gas per day, while the state needs only 6 billion cubic feet, which means that there is one billion cubic feet of surplus natural gas that is being exported.