In a bid to combat Egypt’s electricity crisis, the government has secured a deal with Israel to increase gas imports by 20 percent, starting from October. This move follows prolonged blackouts over the summer due to gas shortages and extreme heat. Despite Egypt’s ambitions to become a major LNG exporter, issues such as underinvestment and falling production have hindered progress.
The Prime Minister assured the public that there would be no more power outages, thanks to secured gas and diesel shipments. The government has managed to secure financing for the increase in gas shipments and is in negotiations to secure more funds.
Egypt’s daily shipment of Israeli gas is set to increase by 50 percent by the end of 2025 following a pipeline extension. This partnership, despite some controversies, is essential to meeting Egypt’s energy needs and maintaining international markets.
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