Prime Minister Mostafa Madbouly during Wednesday’s cabinet meeting. Photo by Egyptian Cabinet.
Speaking at a cabinet meeting on Wednesday, Madbouly said the government was working to ensure fuel supplies for power generation but warned that the current “exceptional circumstances” required widespread energy conservation.
The disruption to gas flows comes as Egypt braces for peak summer demand, with power plants under increased strain.
The government is accelerating the deployment of two additional floating storage and regasification units (FSRUs), which will be in place by early July, bringing Egypt’s total to four.
In May, the government brought a third FSRU online to help meet domestic energy needs. The country has already reintroduced load-shedding measures, first launched in July 2023, to reduce stress on the grid.
Last summer, Egypt announced a $1.18 billion plan to import gas and cover expected shortfalls. Madbouly said last month that local gas production is at its lowest in years. It is unlikely to recover until new exploration efforts can boost output in September.
Essential goods and regional concerns
Addressing broader concerns linked to the Israel-Iran conflict, Madbouly said there was no cause for alarm over the availability of essential goods, citing sufficient reserves and government contingency planning.
He also warned that any further escalation in the region could seriously affect regional and global stability. He repeated Egypt’s opposition to the expansion of hostilities and called for an immediate halt to Israeli military operations.
Madbouly said the government’s Crisis Committee would meet later on Wednesday to assess the conflict's domestic impact and prepare for potential disruptions across key sectors.
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