Thread by @Frank_Stones

🇩🇪Germany is in a hurry to secure new gas deals after🇷🇺Russia curtailed supplies and Nord Stream turned to ashes.
The Eastern Mediterranean seems a good starting point for🇩🇪and new deals have been signed with #COP27 host🇪🇬Egypt just few days ago.
But risks are behind the corner🧵

🇩🇪and🇪🇬have signed an MoU just a few days before the beginning of #COP27 on LNG and🟢hydrogen cooperation.
For🇩🇪Minister Habeck, the deal "set a clear signal...to speed up the change from fossil to climate friendly energy," but yet, "🇪🇬LNG helps us to diversify🇩🇪energy imports."

A Joint Declaration of Intent focused on🟢H2 has been signed between🇩🇪&🇪🇬, providing:
- Technological cooperation (from🇩🇪to🇪🇬)
- Cooperation on specific projects in🟢H2
- Establishment of a🟢H2 sector
- Promotion of joint investment, research and implementation of🟢H2 projects

But clearly the deal is centred around the possibility of🇩🇪to import🇪🇬LNG
According to🇩🇪"A central point is that infrastructure projects and joint investment must be designed in a manner which enables fossil natural gas to be replaced by green hydrogen as quickly as possible"

🇪🇬Green Corridor Initiative targets 43% of⚡️power from RES by 2035.
Studies assessed that🇪🇬CO2 emissions could increase by 125% from 2012 to 2035 if the nation's energy demand is met using thermal⚡️generation technologies.
RES are necessary to decarbonise🇪🇬gas &🟢H2 production

🇪🇬has a great🌞irradiation, but🌞industry is in turmoil with equipment shortages & regulatory hurdles to delay projects or eventually scrapping them, like what happened with the West Nile🌞park.
A surplus of⚡️amid low demand & other projects already in progress determined its⛔️

During #COP27🇦🇪UAE &🇪🇬announced a 10GW onshore wind farm project, one of the largest in the world, with🇦🇪state-owned renewables company Masdar.
🇪🇬and🇦🇪are close friends and they are navigating together through the🇱🇾Libya troubled waters and support Bashagha's government claims

🇩🇪instead recognises the 🇱🇾National Unity Government led by Dbeibeh.
However🇩🇪arms exports to🇪🇬are record-breaking (€9.35 in 2021).
Omid Nouripour, from the same🇩🇪🟢Party as🇩🇪Foreign Ministry Baerbock asked to stop arms exports to🇪🇬because of its bad human rights record

🇪🇬President al-Sisi is trying to convince Egyptians that🇪🇬is on the move. Enormous investments are located in the Suez Canal, weapons systems & ☢️sector. But they have little economic justification and🇪🇬is one of the most debt-ridden countries in the🌍
foreignpolicy.com/2022/08/17/egy…

In the end🇪🇬is eager to attract🇩🇪investments and technologies and bilateral relations have recently grown on the back of energy cooperation, but🇩🇪will have to outcompete other🇪🇺EU partners in the country, especially🇫🇷France and🇮🇹Italy, with a strong foothold in the🇪🇬energy sector

The shifting geopolitical dynamics and the critical role of gas in the🇩🇪energy system reveal the paradoxical nature of the falling interdependency with🇷🇺and the rising ones with alternative gas partners.
Is🇩🇪ready to turn a blind eye on political dissent & human right abuse in🇪🇬?

Will🇩🇪be able to rival its🇪🇺EU partners in🇫🇷Paris &🇮🇹Rome, the latter with a new government ready to forget the #GiulioRegeni case?
But most of all, where is the🇪🇺EU Commission and🇪🇺coordination in all this as PMs ply between🇪🇺and foreign capitals alone?
🧐🤔