OR Egypt Looking for alternative fuel supplies to avoid electricity holiday gas from Israel.
The Egyptian government is preparing to launch a competition this month for the introduction of up to 1 million tonnes of fuel funds, with the tradition planned for August, according to sources cited by Bloomberg. This will be added to a recent fuel competition and help meet the needs of electricity production, while the collision between Israel and Iran endanger the supply of natural gas, they said.
Israel ordered Friday (13.6.2025) to close two of the gas production projects, including the largest Leviathan deposit, due to security concerns, as its attacks on Iran led Tehran to retaliation. This reduced the flows to Egypt -dependent imports, which in turn cut supplies in several energy -intensive industries, so that it could maintain power plants.
However, The prolonged absence of Israeli supply poses the risk of disrupting electricity production. President Abdel Fatah El Sisi’s government has begun a plan to avoid the shortcomings observed in the previous summers, when the rapid increase in demand has led to a nationwide power outage and extensive dissatisfaction in the country already in the country.
“We are working hard to keep our promise to avoid any blackouts, but of course what happened yesterday has its immediate consequences on much of the natural gas supplies required for power plants,” Egyptian Prime Minister Mustafas Mustafas Mousta He urged citizens to limit electricity consumption, as it is “necessary to avoid power outages this summer”.
In addition to reducing natural gas supply, the administration also stopped the flows and diesel flows in some other industries for two weeks on Saturday to release about 9,000 tonnes of diesel a day for power plants until more imported liquefied gas (LNG) is available.
Egypt has a natural gas deficit about 3.5 billion cubic feet a daywith Israel to provide about 800 million to 1 billion to cover part of this vacuumthe sources said. The rest is covered with imports of liquefied natural gas, with the country having recently entered into mass agreements with a number of companies for supply for about two years.
The country has already made plans to add several floating units to import the fuel and is in talks with Qatar for long -term gas supply contracts. It has also purchased LNG loads from the spot market in recent months.
“The real issue for Cairo is that there has been a pure gas importer, which is unlikely to change in the short term, and this means that Israeli gas is now a component of the domestic mixture,” said Riccardo Fabiani, Program Director for North Africa.
The prospect of a new lack comes as summer demand increases. Temperatures in Cairo are expected to reach 38 degrees Celsius in Cairo next week. The Ministry of Health issued instructions on Saturday, including the avoidance of sunlight during peak hours to protect citizens.
The net account of the North African country’s energy imports was more than doubled in $ 11.3 billion last year, according to Goldman Sachs. This contributed to the increase in the current account deficit to 6.2% of the gross domestic product (GDP) from 3.2%. THE Egypt’s Summer Energy Account is likely to rise to about $ 3 billion A month since July, from about $ 2 billion last year, he said in May to know the matter.
Egyptian natural gas production is estimated at about 4.2 billion cubic feet daily. OR Domestic demand is about 6.2 billion cubic feet dailywhile usually increasing to 7 billion daily during the summer months, as the demand for electricity increases, especially for cooling.
“Egyptian authorities are trying to boost exploration and increase production by encouraging foreign companies, but these efforts are complex, their effects are uncertain and their results will only emerge in the long run,” Fabiani said.