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Limitless Beliefs Newsletter

Egypt’s Gas Imports Drop to Zero from 800 mcfd

Business


Reuters

Tamar Platform - Credit III Production media via Delek Group (File Image)


Tamar Platform – Credit III Production media via Delek Group (File Image)

Egypt’s natural gas imports fell to zero from 800 million cubic feet (mcf) per day, leading to more power cuts, the Egyptian cabinet said in a statement.

The Egyptian government has increased the duration of electricity cuts as a result of a rise in consumption amid rising temperatures that coincided with the falling gas imports, a cabinet spokesman said on Sunday.

Power generated from renewable energy has also declined, he added.

Earlier this month, Chevron shut down the Israeli Tamar gas field amid the Israel-Hamas conflict and suspended exports through the subsea EMG pipeline running from Ashkelon in southern Israel to Egypt.

Egypt relies on Israeli gas imports to meet some of its domestic demand, as well as for re-exports.

Egypt, where there is growing demand for gas from the population of 105 million, has also seen its own gas production decline to a three-year low this year. The country has grappled with power shortages in the summer as heatwaves have driven up demand for cooling.

(Reuters – Reporting by Momen Saeed Atallah and Sarah El Safty; Editing by Alexander Smith and Hugh Lawson)

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