Prime Minister Moustafa Madbouly reaffirmed that securing Egypt's energy needs remains a top government priority as part of efforts to ensure the sustainable supply of petroleum products and natural gas to all sectors. During a meeting in New Alamein City with Minister of Petroleum and Mineral Resources Karim Badawi, Madbouly stressed the importance of continued coordination among relevant authorities and the implementation of plans to increase domestic production and accelerate the development of new discoveries to strengthen energy security, maximize the use of Egypt's natural resources and reinforce the country's position as a regional energy trading hub.
Badawi reviewed the ministry's plan to secure domestic energy supplies throughout August, outlining measures taken to guarantee fuel availability, operational alternatives and the implementation of various contingency scenarios. The minister said the ministry continues to closely monitor the energy supply system, maintain a high state of preparedness and respond swiftly to any developments to ensure uninterrupted supplies to all sectors.
He added that the ministry's emergency plans, preemptive scenarios and operational alternatives have proven effective in addressing changing conditions, helping secure natural gas and fuel supplies while maintaining stable electricity generation and supporting other vital sectors.
Badawi also said shipments of liquefied natural gas (LNG) and petroleum fuels are arriving on schedule to ensure the continuous operation of power generation facilities during the peak summer demand period, maintaining stable electricity supplies nationwide through ongoing coordination with the Central Bank of Egypt, the Finance Ministry, the Electricity and Renewable Energy Ministry and other relevant authorities.
The minister further reviewed the outcome of his recent meetings with Egypt's regional and international partners, noting progress in implementing gas field development projects in cooperation with major international energy companies and connecting them to Egypt's infrastructure.
He said these projects will maximize the use of Egypt's advanced gas infrastructure, strengthen its role as a regional energy trading hub, generate added economic value for participating countries, support regional energy security and provide additional gas supplies to European markets.
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