Germany to partner with Egypt to build hydrogen economy

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German Chancellor Olaf Scholz (R) with Egypt’s President Abdel Fattah El-Sisi (L) at a joint press conference in Berlin.
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  • Scholz believes electricity and hydrogen will be the key to transforming industry in Germany
  • He sees a big opportunity for countries like Egypt to supply hydgrogen to Germany

Germany is looking to partner with Egypt to build the hydrogen economy as Europe seeks to diversify away from its current reliance on Russian gas.

German Chancellor Olaf Scholz said after meeting with the Egyptian President Abdel Fattah El-Sisi.

“For the transformation of industry in countries like Germany, electricity and hydrogen will be crucial,” Scholz said at a news conference with Abdel Fattah El-Sisi.

“Much of that hydrogen will be imported,” he added, describing Germany’s need for gas imports 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,” he added. “You shouldn’t rely on one single partner but must have many good partners.”

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