Nagi confirmed that supplies of electricity, gas, petrol, and liquefied gas will remain stable, with the ministry implementing a backup plan to secure natural gas and petroleum products following the suspension of Israel’s East Mediterranean gas flows to Egypt amid recent US and Israeli strikes on Iran.
The alternative supply system will meet the needs of citizens and industrial sectors across all governorates, with no need for power outages or load reduction measures.
To ensure grid stability and power supply and accommodate a projected six to seven percent rise in local electricity consumption this summer, the government will add 3,000 megawatts of solar energy capacity and 600 megawatts of battery storage before the season begins, Nagi added.
Egypt will also rely on multiple sources for oil and gas, including regasification units and imports from other international suppliers, to maintain reserves.
Israel’s halted gas exports to Egypt amounted to about 1.1 billion cubic feet of natural gas per day from its Tamar and Leviathan offshore gas fields in the eastern Mediterranean.
Egypt imported 344 billion cubic feet of Israeli gas in the fiscal year ending June 2025, an increase of about 8 percent from 2024. Domestic production stands at approximately 4.1 billion cubic feet per day, while demand is around 6.2 billion cubic feet per day.
The petroleum ministry will continue drilling and developing new wells to increase natural gas supply and improve infrastructure for incoming shipments.
Meanwhile, major shipping firms are adjusting routes due to the regional conflicts. French company CMA CGM has suspended voyages through the Suez Canal, rerouting vessels around the Cape of Good Hope.
Another shipping giant, German firm Hapag-Lloyd, has decided to reroute its India Mediterranean Express (IMX) service around the Cape of Good Hope, while Danish company Maersk is rerouting some vessels on its Middle East–India to Mediterranean and Middle East–India to East Coast of US routes.
This comes as Suez Canal activity has partially started to recover and stabilize. Transit fees rose 12.4 percent to $10.5 billion in the first quarter of FY2025/2026, compared with $9.3 billion in FY2024/2025, supported by an 8.6 percent increase in net tonnage to 1.381 billion tons.
The number of transiting vessels increased 2.5 percent to about 3,000, as shipping lines gradually returned after avoiding the route in 2023 due to Israel’s war on Gaza and Houthi attacks on commercial vessels in the Red Sea.
Previously, canal revenues had fallen by 40–60 over two years due to these disruptions.
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