Egypt takes different roads to provide gas during the summer. Will it succeed?

The Egyptian government seeks to provide the summer natural gas to the local market, amid promises not to return to reduce loads, through various traces, including the direction of the conclusion of long -term import contracts and the provision of incentives to foreign partners. The reality of gas in Egypt, production, consumption and imports. Egypt’s daily needs of natural gas are approximately 6.2 billion cubic feet per day, while daily production extends between 4.1 and 4.2 billion cubic feet. The government aims to increase the production of natural gas by the end of this year to about 5 billion cubic feet per day, especially with the increase in daily needs of about 7 billion cubic feet per day in the summer months. Egypt, which was a source of liquid natural gas, became an imported country in light of the increasing demand due to rapid population growth and high temperatures, as well as the decline in the production of local fields, especially the “rear” field. The average production in the field is currently approximately 1.5 billion cubic feet per day, and it is much lower than the peak reached in 2019, estimated at 3.2 billion cubic feet per day. According to the shipping data collected by Bloomberg, Egypt’s export of liquid natural gas has gradually decreased since the peak of 7.7 million tonnes annually in 2022, while it imported about 2.5 million tonnes last year. The Egyptian government goes with a view to long -term contracts, the Egyptian government holds talks with liquid natural gas suppliers to sign contracts that extend to 2030, in an effort to meet the increasing demand for electricity during the summer. ‘Bloomberg’ quoted sources, saying that the contracts negotiated extend between 2028 and 2030, and also aimed to reduce the dependence on Cairo of the immediate immediate market. Contracts include flexible items that make the required quantities possible during the coming years, while any additional shipping will be secured by separate purchasers. Collaboration with Qatar, while Egypt discussed the conclusion of long -term agreements to import gas with Qatar, during a visit by Egyptian Minister of Petroleum Karim Badawi to Doha, according to a statement issued by the Egyptian Ministry of Petroleum issued on May 12, without addressing details about the number of separations or the timetable. Egypt regularly imports the Qatari LNG within its purchases of global markets, but this is the first time the two parties in public talk about the signing of long -term contracts. Israel reduces gas supplies during the summer, and Egypt’s imports of Israeli natural gas will reduce 20% during the summer from June to September, compared to the same period last year, due to high temperatures and local consumption in Israel, according to a government official who spoke to Al -Sharq, provided his identity is not disclosed. The official told Al -Sharq that the Israeli gas export companies informed the Egyptian side that the current and estimated quantities would reduce by about one billion cubic feet per day to 800 million cubic feet per day during the next summer. Egypt began importing gas from Israel for the first time in 2020, in an agreement of $ 15 billion between the ‘Nobel Energy’ (Nobel Energy ‘(which Chevron “acquired in 2020) and” delicately drowned “. Until the end of 2023, Egypt, it used to direct Israeli gas stream to Edko and Damietta, but to set the purpose of the purpose of the purpose of the purpose of the purpose of the purpose of the purpose of the purpose of the purpose of the purpose of the Gas production in the foreign markets, but the decline in the local gas production of the purpose of doing this in the issue of foreign markets, but the decline in local gas production to import it, but the rule in the local gas production to do it in the issue of foreign markets, but the fall in the local gas production to put it into the local market. Gas, estimated at 1.6 billion cubic feet, or about 25% of total local consumption. Egypt attempts to enter between 155 and 160 liquid gas deletions this year to fill the gap between the actual need of the local market of natural gas and local production, according to an “east” official, provided his name is not published. “Botash” next June to provide the market of up to 500 million cubic feet per day with gas, in an effort to improve the capacity of electricity during the next summer, according to a government official with the “East”, provided his name is not published. Regional Energy Outdoor Center, especially in light of the decline in its local production over the past two years, according to “Bloomberg.” perform a liquid natural gas.