Methane Emissions Reduction Programme in Gas Supply Chains in Egypt (EBRD-12239)

Countries
  • Egypt
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Oct 16, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
*Borrower information not provided at the time of disclosure*
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Dec 18, 2019

Disclosed by Bank Oct 16, 2019


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Project Description

According to bank provided information, the EBRD, the Egyptian Ministry of Petroleum, and the state-owned oil and gas companies (EGAS, EGPC and their subsidiaries) have been cooperating over the years on a number of initiatives aimed at improving the energy efficiency and carbon sustainability of the oil & gas sector in Egypt. The parties are now starting a new cooperation Programme aimed at measuring and reducing methane fugitive emissions along the national infrastructure.

The proposed Programme, managed by the EBRD and in close cooperation with the Ministry of Petroleum, EGPC, EGAS, their subsidiaries and other relevant stakeholders will aim to:

  • Undertake pilot measurement campaigns with ground and airborne emerging technologies at selected facilities owned and operated by the above relevant stakeholders.
  • Improve accuracy of methane emissions measurement data.
  • Introduce a robust inventory of methane emissions as well as procedures and templates for periodic reporting.
  • Develop a roadmap for reducing methane emissions, comprising of technical and economic studies for actions, improvements and investments along the supply chain (upstream, midstream and downstream).
  • Provide policy dialogue on the improvement of policies and regulations on methane emissions in the gas sector.
  • Provide capacity building and training to the stakeholders on the Programme, its relevance, impacts as well as operational recommendations for a sustained continuation of the Programme by the stakeholders once the assignment is completed.
Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Contact Information

*Contact information not provided at the time of disclosure*

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.