Government stresses continued payment of foreign oil partners' dues
At the start of the meeting, the Prime Minister highlighted the importance of ongoing efforts by the relevant ministries to secure and increase petroleum supplies. He emphasized the need to ensure uninterrupted operation of power plants—particularly during the summer months—and to expand the share of renewable energy in Egypt's energy mix to improve efficiency and reduce generation costs.
Minister Esmat outlined the electricity and renewable energy sector's solid infrastructure and detailed efforts to enhance energy efficiency, enforce fuel quality standards, and implement regular maintenance programs at power plants.
He also noted the sector's ongoing expansion of renewable energy production and its integration into the national grid. Improving energy efficiency and reducing electricity consumption remain priorities, pursued through coordination with ministries, government entities, and partnerships with local and international private sector players.
Esmat added that 2,000 megawatts of renewable energy capacity were added to the unified national grid ahead of the current summer season. He underscored the importance of continuous monitoring of the grid to ensure stable and high-quality electricity supply, along with strict adherence to global standards in maintenance and operational procedures.
Efforts are also underway to reduce technical losses and lower fuel consumption, with maintenance programs being implemented on precise schedules set by the grid operator to achieve optimal operational efficiency.
Minister of Petroleum and Mineral Resources Karim Badawi reviewed the status of petroleum supply and detailed measures to maintain steady fuel availability for power plants. He confirmed that floating storage regasification units (FSRUs) continue to receive liquefied natural gas shipments, which are then regasified and fed into the national gas grid to meet local demand.
Badawi emphasized ongoing coordination with the Ministry of Electricity and Renewable Energy within a unified strategy to secure fuel supply and maintain grid stability. Joint working committees, he noted, regularly assess and plan for the required fuel needs of power generation plants.
He further outlined the petroleum sector's role in ensuring the delivery of gas and fuel oil as requested by the electricity sector, stressing that this coordination takes place continuously, supported by proactive plans to manage fuel needs during peak summer demand.
The meeting also reviewed progress on payments to foreign oil partners. The government reaffirmed its commitment to meeting these obligations regularly—a move expected to boost confidence among international investors and encourage additional investment in exploration, drilling, and production.
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