Egypt Goes Import Crazy In Bid To Curb Power Cuts

Power cuts in Egypt have decreased compared to last summer as Cairo begins to import LNG along with fuel supplies for power stations, according to Electricity Ministry spokesman Muhammad al-Yamani.

Cairo had no other choice but to enforce rolling power cuts last summer as gas production was unable to meet peak demand, driving the government to find an alternative method to meet energy needs.

To meet these needs this year, state oil firm EGPC will be spending $1bn a month for July and August, the peak summer months, to import diesel and fuel oil to supply power plants, up some 30% on the $700mn it spent in June for petroleum products. (CONTINUED - 514 WORDS)

DATA INSIDE THIS ARTICLE

table Egypt Lng Import Deals