Weekly MENA Newsletter will be delivered to your email in PDF format every Friday (52 Issues per Year).
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.
DON'T HAVE AN ACCOUNT?
NEED TO UPGRADE YOUR CURRENT SUBSCRIPTION?
By upgrading your Print or Digital subscription you will gain access to the MEES Archives Database with past articles and data dating back from 1984.UPGRADE