How the Ministry of Petroleum overcame Egypt’s energy crisis

The Ministry of Petroleum conducted a series of procedures to solve a significant part of the energy crisis in Egypt. It began to import liquefied gas through the Ain Sokhna Port, which contributed to eliminating the power cut crisis experienced by citizens every summer.

Minister of Petroleum Tarek El-Molla said they have a plan to import large amounts of liquefied gas to meet the electricity needs and the industrial sector demands in the next few years. They decided not to suspend fuel supplies going to any of the sectors in Egypt starting mid-November.

There are two gasification ships contracted on to import 1.2bn cubic feet of gas daily. The plan is to receive the mentioned amounts in Ain Sokhna Port and encourage foreign partners to increase local gas production.

Since President Abdel Fattah Al-Sisi took office, the Ministry of Petroleum paid about $3.6bn of the foreign partners’ dues in the petroleum sector. These dues were accumulated since 2009 until 2013.