In a meeting attended by Prime Minister Mostafa Madbouly, Electricity Minister Mahmoud Esmat, and Petroleum Minister Karim Badawi, El-Sisi discussed maintaining petroleum reserves, ensuring adequate gas flows to the national grid, and limiting sector losses.
According to a presidential statement, the talks focused on contingency planning to guarantee stable electricity generation, including the use of renewable energy and available petroleum surpluses.
Officials said 2,500 megawatts of new renewable energy capacity are scheduled to come online before next summer.
The meeting comes as the US–Israeli war on Iran has rattled global energy markets. Tehran has kept the Strait of Hormuz practically, though unofficially, closed for four consecutive days in response to ongoing strikes, disrupting a waterway that carries roughly one-fifth of the world’s traded oil and about 22 percent of global liquefied natural gas (LNG) shipments.
Brent crude has climbed from around $73 a barrel before the escalation to above $80, its highest level since early last year.
Discussions also covered domestic gas, oil, and condensate production, outstanding payments to foreign energy companies, recent discoveries, and plans to step up exploration and refining.
Badawi outlined efforts to optimise refinery operations to increase output and reduce fuel imports. He also briefed El-Sisi on preparations for EGYPS 2026, the energy exhibition scheduled for 30 March in Cairo.
The meeting reviewed a recently signed memorandum of understanding (MoU) with Libya on cooperation in petroleum, natural gas, and mining, including exploration, refining, and technical exchange.
El-Sisi instructed the government to move ahead with settling arrears owed to foreign energy companies and to intensify efforts to attract investment into the sector.
Plans under discussion include expanding LNG import infrastructure and operating regasification vessels to support domestic supply and exploration activity.
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