Egypt received much-needed relief this month, with Israeli gas imports increasing to their highest level since the start of the Middle East conflict on 28 February. Production at the Leviathan and Karish fields was shut down on the eve of the conflict as a precaution but all three of Israel’s gas fields are now online. The resultant gas crunch forced Cairo to scramble for expensive spot LNG cargoes to prevent power shortages.
Egypt’s power sector relies on gas for roughly 80% of its generation, but declining domestic production means that demand is increasingly met through gas imports. (CONTINUED - 874 WORDS)
