FM congratulates president Sisi, Egyptians on Eid Al Adha
Basant Ahmed
Dr. Badr Abdel Aaty, Minister of Foreign Affairs, Emigration and Egyptian Expatriates Affairs, and the members of the Ministry of Foreign Affairs, Emigration and Egyptian Expatriates Affairs, extend their sincere congratulations to President Abdel Fattah El-Sisi and the great Egyptian people on the occasion of Eid al-Adha, according to Egyptian foreign ministry.
They ask God Almighty to bring blessings, goodness, and prosperity to Egypt, Arab d Islamic nations and to grant the great Egyptian people lasting security, peace and stability.
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As soaring summer temperatures put unprecedented strain on Egypt's power grid, the country grapples with a widening chasm between natural gas production and consumption. With daily output declining and demand surging, particularly for electricity generation, energy security has emerged as a critical national concern. While some reports warn of a looming crisis, new developments suggest Egypt is not passively enduring the pressure. Instead, the government is pursuing a multi-pronged approach: importing liquefied natural gas (LNG), reactivating emergency fuel sources such as mazut, negotiating with key partners like Israel, and accelerating long-term investments in renewable energy and international contracts. Egypt faces an apparent shortfall in its natural gas balance, with daily production dropping to around 4.5 billion cubic feet, against consumption of approximately 6 billion. This discrepancy places the system under increasing strain, particularly during peak summer demand. 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Despite these challenges, the national electricity grid has not collapsed and has largely maintained performance under record loads. Al-Qalyoubi affirms: 'What occurred should not be considered scheduled outages, but rather limited technical failures due to the heatwave,' adding that outages in some areas did not exceed 15 minutes and praising the grid's ability to handle a daily load of 40,000 megawatts. Fuel oil returns—at a cost During periods of peak demand, the government resorts to using fuel oil (mazut) as an alternative for electricity generation. Youssef notes that this policy is not new: Egypt previously earned around $8.5 billion from gas exports by substituting gas with mazut for domestic use, capitalising on the significant price difference ($50 for exported gas versus $16 for imported mazut). Official sources report a temporary halt in gas supplies from Israel, attributed to maintenance at the Leviathan and Tamar fields. 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Transitional strain, not total crisis Despite the pressure of summer demand and declining production, both experts agree that Egypt is not on the brink of collapse, but is navigating a transitional phase requiring swift exploration, expanded contracts, and precise demand management. 'We are not living through a sudden energy crisis, but a transitional period being managed with realistic plans,' concludes Al-Qalyoubi. Youssef adds: 'Energy security can only be achieved through a mix of production, imports, and smart financial hedging.' Follow us on: Facebook Instagram Whatsapp Short link:
