{"id":641840,"date":"2024-09-03T00:00:00","date_gmt":"2024-09-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/03\/egypts-struggles-to-keep-the-lights-on-amid-an-energy-shortage-is-continuing-to-catch-the-attention-of-the-intl-press\/"},"modified":"2024-09-03T00:00:00","modified_gmt":"2024-09-03T00:00:00","slug":"egypts-struggles-to-keep-the-lights-on-amid-an-energy-shortage-is-continuing-to-catch-the-attention-of-the-intl-press","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/03\/egypts-struggles-to-keep-the-lights-on-amid-an-energy-shortage-is-continuing-to-catch-the-attention-of-the-intl-press\/","title":{"rendered":"Egypt\u2019s struggles to keep the lights on amid an energy shortage is continuing to catch the attention of the int\u2019l press"},"content":{"rendered":"

In a quiet morning for Egypt in the foreign press<\/strong>, the Financial Times<\/a> dives into our \u201cjourney from gas bonanza to power blackouts.\u201d The broadsheet tracks how the country went from having ambitious plans to become a regional energy exporting powerhouse \u2014 bolstered by the Zohr discovery whose estimated reserves put it as the Mediterranean\u2019s largest discovery \u2014 to our present predicament of power cuts and costly energy imports eating away at the public purse.<\/p>\n

Reuters<\/a><\/strong> also took a look at our efforts to bridge the energy supply gap<\/strong>, with a report claiming that Saudi Arabia and Libya are allegedly funding the purchase of around USD 200 mn worth of natural gas shipments to Egypt in an effort to help alleviate our energy crisis, citing two unnamed industry sources. The country needs around USD 2 bn worth of gas to cover demand until October, according to the newswire.<\/p>\n

Remember: <\/strong>The government is spending USD 1.2 bn<\/a> for energy imports this summer to help fill a supply gap and put a temporary end to blackouts during the hottest months of the year. After becoming a net exporter<\/a> of LNG in 2018 and signaling its intention to become an important energy exporter to the region and Europe, production falls and rising domestic demand led to Egypt having to ramp up imports to bridge the supply gap.<\/p>\n","protected":false},"excerpt":{"rendered":"

Production falls and rising domestic demand led to Egypt having to ramp up LNG imports<\/p>\n","protected":false},"author":1,"featured_media":641841,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7233],"tags":[72,91],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-641840","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-egypt-in-the-news","tag-enterpriseam","tag-oil-and-gas","wpautop","entry"],"acf":{"mongo_id":"58ee1bac-f213-4e1b-ac6d-a413ecc25e6a","order":"11","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/6\/152.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s struggles to keep the lights on amid an energy shortage is continuing to catch the attention of the int\u2019l press","related_issue":[641822],"teaser":"Production falls and rising domestic demand led to Egypt having to ramp up LNG imports","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.42f34dc3-2da7-419d-8d56-37e8c4929f23.mp3"},"yoast_head":"\nEgypt\u2019s struggles to keep the lights on amid an energy shortage is continuing to catch the attention of the int\u2019l press - 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Egypt is currently running a natural gas surplus of 1.56 bcf\/d","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597468,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/28\/jordan-temporarily-suspends-natgas-imports-from-egypt\/","url_meta":{"origin":641840,"position":4},"title":"Jordan temporarily suspends natgas imports from Egypt","author":"enterpriseam admin","date":"28 July 2019","format":false,"excerpt":"Jordan has temporarily stopped importing natural gas from Egypt amid low demand from Jordanian electricity producers, a source from the Egyptian Natural Gas Holding Company (EGAS) told the press. The kingdom imported 75 mcf\/d from Egypt last month, and has been importing variable amounts since we resumed exporting natural gas\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599333,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/25\/jordan-reduces-imports-of-egyptian-gas-by-a-factor-of-four-egas-source\/","url_meta":{"origin":641840,"position":5},"title":"Jordan reduces imports of Egyptian gas by a factor of four- EGAS source","author":"enterpriseam admin","date":"25 June 2019","format":false,"excerpt":"Jordan has reduced its imports of Egyptian natural gas to 75 mcf\/d from 300 mcf\/d due to falling demand, a source from state-owned EGAS tells the local press. The kingdom\u2019s demand is expected to range between 75-150 mcf\/d, the source said. Egypt began exporting natural gas to Jordan last September\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/641840","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=641840"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/641840\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/641822"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/641841"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=641840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=641840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=641840"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=641840"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=641840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}