{"id":668001,"date":"2025-07-08T00:00:00","date_gmt":"2025-07-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/08\/govt-is-looking-to-increase-its-imports-of-israeli-gas\/"},"modified":"2025-07-08T00:00:00","modified_gmt":"2025-07-08T00:00:00","slug":"govt-is-looking-to-increase-its-imports-of-israeli-gas","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/08\/govt-is-looking-to-increase-its-imports-of-israeli-gas\/","title":{"rendered":"Gov\u2019t is looking to increase its imports of Israeli gas"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>Brace yourselves for a difficult day of doing business in Omm El Donia, wonderful <\/strong><strong>people: Internet access is still severely curtailed across the country <\/strong>in the wake of a fire at Telecom Egypt\u2019s Ramses central communications hub yesterday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The outage has impacted everything from mobile internet to voice connectivity and <\/strong><strong>banking services <\/strong>since late afternoon yesterday. TE staff and government officials worked overnight to re-route traffic to other hubs, but we still have less than half Egypt\u2019s usual \u201callocation\u201d of bandwidth left to serve every business and individual consumer nationwide. Fixed-line and mobile broadband, data service on handsets, voice calls \u2014 it\u2019s all being impacted. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>When will it end? <\/strong>Officials have been saying (for hours) that we\u2019ll be back online \u201cin hours.\u201d An outage of this type is highly unusual and a difficult technical problem to solve, so we think you\u2019d best brace yourselves for a challenging day to come. One TE engineer we spoke with suggested it could still be \u201cdays\u201d before connectivity returns to normal even with all of the state-owned telecoms giant\u2019s top resources being thrown at the problem. Have a good thought for the TE and MCIT teams trying to get us all back online, folks.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Do you have connectivity right now? <\/strong>Have an important meeting coming up later today with someone outside the country? You might want to think about dropping them a note letting them know what\u2019s up \u2014 and be prepared to reschedule to tomorrow. <strong>This is why our lawyers force us all to put force majeure clauses in our contracts.<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Frustrating? Sure. <\/strong>Or maybe all of you kids out there pining for a magical, pre-interwebs \u201c1980s summer\u201d can just sit back and think that you\u2019re in your personal Hot Tub Time Machine and enjoy the ride? <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">^^ We have a rundown of all the details as of 5:55am in this morning\u2019s news well, below. <\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <a id=\"wwtt1\"><\/a> <strong>We\u2019re <\/strong><strong>looki<\/strong><strong>ng to increase our imports of Israeli gas by 200 mcf\/d to meet rising summer <\/strong><strong>demand<\/strong>, a government source told EnterpriseAM. Though an agreement is in place to boost supplies to both Egypt and Jordan, flows remain at their usual seasonal level of 800-850 mcf\/d due to high domestic consumption in Israel. Talks are expected to resume soon to activate the agreed increase, especially as Egypt works to strengthen its regasification infrastructure. There is also a possibility of bringing in a fifth floating regasification unit to support industrial and power sector needs, a separate source told us.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Egypt has secured gas supplies to all sectors through four floating storage and regasification units this summer, with a combined capacity of 2.7 bcf\/d, the Oil Ministry <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/718cafd4-7694-46fd-b30a-14c3bbb7218a\/oil-ministry-confirms:-gas-supplies-secured\" style=\"\" rel=\"noopener\">confirmed<\/a> earlier this week. <\/p>\n<p class=\"tag-border-left\">INFLATION WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>Inflation seen easing slightly in June:<\/strong> Annual headline inflation is forecasted to have dipped 0.6 percentage points in June to 16.2%, down from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/60a7ec8a-ee91-4218-87ea-b61ce895af10\/%253cmark%253einflation%253c%2Fmark%253e-rises-once-again-in-may-to-reach-16.8%2525\" style=\"\" rel=\"noopener\">16.8% in May<\/a>, according to a median forecast of 15 analysts polled by <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/africa\/egypt-inflation-seen-having-eased-162-june-2025-07-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The rationale: <\/strong>\u201cIt's mainly driven by fluctuating food and beverages prices which overall contribute the most to the change in the CPI index reading,\u201d Thndr Securities Brokerage\u2019s Chief Equity Strategist Amr El Alfy told the newswire.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But brace for a pickup in July: <\/strong>\u201cWe expect some inflationary pressures in July as the Egyptian Parliament approved some <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8f42067c-d0e3-4c25-8ec8-cd5cd9e0f444\/house-approves-amendments-to-vat-law-on-select-items\" style=\"\" rel=\"noopener\">amendments to the VAT Law<\/a> for some businesses, including cigarettes and tobacco,\u201d said HC Securities\u2019 Heba Monir. \u201cCigarette prices are expected to increase by c.16% within days besides a potential increase in electricity prices due to higher natural gas prices.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">PSA- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WEATHER- <\/strong>It\u2019s another hot day in Cairo, with a high of 37\u00b0C and a low of 24\u00b0C, according to our favorite weather app.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a little cooler in Alexandria<\/strong>, with a high of 31\u00b0C and a low of 22\u00b0C.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** DID YOU KNOW that we now cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong><strong> and the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">UAE<\/a><\/strong><strong>?<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Were you forwarded this email?<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy delivered every weekday before 7am Cairo time \u2014 without charge.<\/p>\n<p class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Most of the attention has returned to the revival of US President Donald Trump\u2019s tra<\/strong><strong>de war<\/strong>, as the US began sending countries letters, including Japan and South Korea \u2014 two of the US\u2019 biggest trade partners \u2014 with their reciprocal tariffs, with the two Asian countries getting hit with a 25% tariff as of 1 August. Others like Kazakhstan, Myanmar, and Laos were slapped with a 40% tariff. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The letters reportedly hinted at the potential for trade talks to resume<\/strong>, possibly even beyond the 1 August deadline, but also threatened a tariff hike in case tariffs are raised on US exports. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/eus-von-der-leyen-had-good-exchange-with-trump-over-phone-commission-says-2025-07-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/eus-von-der-leyen-had-good-exchange-with-trump-over-phone-commission-says-2025-07-07\/\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/613678ac-2e61-436b-9d0f-2a8f85a20dee\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnn.com\/2025\/07\/07\/economy\/trump-letters-tariffs\" style=\"\" rel=\"noopener\">CNN<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>ALSO- Trump threatens 10% tariff on Brics-aligned nations: <\/strong>Trump said that countries aligned with the \u201canti-American policies of Brics\u201d will face an extra 10% in tariffs with \u201cno exceptions\u201d in a <a target=\"_blank\" href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/114809574296066307\" style=\"\" rel=\"noopener\">post on Truth Social<\/a>. The warning followed a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/401.pdf\" style=\"\" rel=\"noopener\">joint statement (pdf)<\/a> by Brics leaders criticizing tariff hikes, deeming them a threat to global trade and inconsistent with World Trade Organization regulations. A source familiar with the matter later downplayed the threat, saying it\u2019s not a blanket threat against Brics nations, but on any of the countries agreeing policies deemed \u201canti-American.\u201d (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/china\/leaders-growing-brics-group-gather-rio-summit-2025-07-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Meanwhile, Israeli Prime Minister Benjamin Netanyahu was hosted by Trump <\/strong>at the White House, with talks focusing on the potential ceasefire Trump hinted could be reached this week. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/netanyahu-meet-trump-white-house-israel-hamas-discuss-ceasefire-2025-07-07\/\" style=\"\" rel=\"noopener\">Reuters<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- The death toll from the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/29f0c837-99c9-4a5c-a51e-caee02773f9d\/this-morning:-brookfield-eyes-palm-hotel-+-no-golden-visas-for-crypto-investors\" style=\"\" rel=\"noopener\">floods in Texas<\/a><\/strong><strong> \u2014 now deemed one of the deadliest in the country\u2019s history \u2014 has exceeded 100<\/strong> as search efforts continue. (<a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/us-news\/live\/2025\/jul\/07\/texas-floods-rescue-teams-search-missing-more-heavy-rains-forecast-latest-news-updates\" style=\"\" rel=\"noopener\">Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/us-news\/climate-environment\/texas-braces-for-more-flash-floods-as-rescuers-search-for-survivors-a144ad31?mod=hp_lead_pos7\" style=\"\" rel=\"noopener\">Wall Street Journal<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/live\/2025\/07\/07\/us\/texas-floods\" style=\"\" rel=\"noopener\">New York Times<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/ads\/imgs\/239.jpg?ssl=1\"\/><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** It\u2019s Going Green day \u2014 your weekly briefing of all things green in Egypt:<\/strong> EnterpriseAM\u2019s green economy vertical focuses each Tuesday on the business of renewable energy and sustainable practices in Egypt, everything from solar and wind energy through to water, waste management, sustainable building practices and how you can make your business greener, whatever the sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In today\u2019s issue: <\/strong>We take a look at the move to raise feed-in tariff for sanitary landfill-, sewage waste-derived energy in a bid to boost investor appetite.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brace yourselves for a difficult day of doing business in Omm El Donia, wonderful people: Internet access is still severely curtailed across the country in the wake of a fire at Telecom Egypt\u2019s Ramses central communications hub yesterday. The outage has impacted everything from mobile internet to voice connectivity and banking services since late afternoon [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":668002,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7204],"tags":[72,91,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-668001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-enterpriseam","tag-oil-and-gas","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"3603f7a3-4207-428f-8e07-246893713bae","order":"2","is_powered_by":true,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/6\/1753.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt is looking to increase its imports of Israeli gas","related_issue":[667999],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.fd94fece-8e8d-4660-9d8b-2df68ff6089f.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Gov\u2019t is looking to increase its imports of Israeli gas - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/07\/08\/govt-is-looking-to-increase-its-imports-of-israeli-gas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t is looking to increase its imports of Israeli gas\" \/>\n<meta property=\"og:description\" content=\"Brace yourselves for a difficult day of doing business in Omm El Donia, wonderful people: Internet access is still severely curtailed across the country in the wake of a fire at Telecom Egypt\u2019s Ramses central communications hub yesterday. 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It\u2019s the final day of the Egypt Petroleum Show, which made\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597709,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/what-were-tracking-on-2-may-2019\/","url_meta":{"origin":668001,"position":1},"title":"What we\u2019re tracking on 2 May 2019","author":"enterpriseam admin","date":"2 May 2019","format":false,"excerpt":"\u2026And we\u2019re back, ladies and gentlemen. Bright eyed and fresh faced from a wonderful extended weekend. What did we do over the break? 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