Prime Minister Mostafa Madbouly speaks during the press conference that came at the end of the field visit to inspect the “Decent Life” presidential initiative in Behaira Governorate. Photo courtesy of Egyptian cabinet.
Madbouly said this in a press conference on Saturday following a field visit to inspect the Decent Life presidential initiative in Behaira Governorate.
During the press conference, he noted that persistent tensions in the region have already marked recent months, but what occurred on Friday between Iran and Israel marks an exceptionally dangerous turning point.
“This is a bilateral conflict, but it could easily spill over into other countries in the region,” he said.
“No one can predict how far this escalation will go or where it might lead. Egypt’s stance has been clear — we condemned the aggression outright,” he added.
Madbouly emphasized that if the situation escalates further, it could become a full-blown regional crisis with the potential to become global.
“As a government and a state, we are preparing for all possible scenarios,” he affirmed.
Moreover, Madbouly revealed that he had coordinated with the governor of the Central Bank of Egypt and the ministers of electricity and renewable energy, finance, and petroleum and mineral resources in response to the situation’s potential impact, especially on the energy sector.
He also emphasized the government’s earlier promise not to resort to power cuts and that this commitment remains unchanged.
However, he admitted that Egypt’s natural gas supply has been directly affected, impacting fuel availability for power generation.
Thus, precautionary measures have been swiftly implemented, including activating priorly prepared emergency plans to prevent electricity disruptions.
He explained that Egypt has accelerated its plan to bring in liquefied natural gas (LNG) regasification vessels.
While the country operated with only one vessel last summer, it is ramping up capacity by adding two other ships capable of processing three times last year’s volume to meet rising electricity demands and enhance efficiency this summer.
Egypt currently has three vessels: one already exists, and a new one is docked at Ain Sokhna, undergoing technical preparations. It is expected to go into operation on 27 or 28 June and add 750 million cubic feet per day to the grid.
The third vessel is now in Dekheila port. It will be moved to Sokhna and begin operation in the first week of July.
The three vessels will supply 2.25 billion cubic feet daily, strengthening Egypt’s gas infrastructure and protecting against potential supply disruptions from regional pipeline networks.
Madbouly asserted that this comprehensive energy plan is being monitored daily.
Fuel oil or mazut reserves have also been doubled compared to 2024, reflecting the government’s proactive strategy to secure the fuel needed for power plants for as long as possible.
“We’re all in the same boat. The government is doing everything it can, but we urge citizens to be mindful of their electricity use so we can avoid outages, as we previously committed.” Madbouly said.
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