Egypt Plans to Import US Shale Gas
Egypt Plans to Import US Shale Gas
Egypt Plans to Import US Shale Gas
News summary

Egyptian companies, including Abu Qir Fertilizers and Sidi Kerir Petrochemicals, are responding to natural gas shortages by importing liquefied natural gas (LNG) and US shale gas to address energy demands and power outages. Egypt is facing a shortfall in natural gas supply, leading to factory shutdowns and increased energy demand driven by soaring temperatures. Prime Minister Mostafa Madbouly highlighted plans to import over $1 billion worth of natural gas and diesel to stabilize electricity supply amidst rising demand and climatic challenges. The country is arranging for LNG shipments and forming consortia to ensure sufficient energy supply, emphasizing proactive measures to bolster national energy security and resilience.

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