The Egyptian Ministry of Petroleum has confirmed that there will be no power outages or load-shedding schedules during the current summer season.
According to Ministry Spokesperson Mahmoud Naji, key measures have been implemented to permanently secure the country’s electricity needs.
These include operating regasification units in Sokhna and Damietta to handle peak consumption, alongside securing full contracts for liquefied natural gas (LNG) shipments from diverse geographical sources.
Furthermore, Naji revealed that the ministry has cleared all outstanding debts to foreign oil companies. This settlement has restored investor confidence, prompting a strong return to exploration activities.
As part of its forward-looking strategy, the ministry plans to drill 101 new exploratory wells across the Mediterranean and onshore regions by the end of the year, with new oil and gas discoveries expected to be announced soon.
