{"id":692632,"date":"2026-04-09T00:00:00","date_gmt":"2026-04-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=692632"},"modified":"2026-04-09T03:34:54","modified_gmt":"2026-04-09T03:34:54","slug":"egypt-pays-credibility-tax-to-keep-its-energy-hub-dreams-viable","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/04\/09\/egypt-pays-credibility-tax-to-keep-its-energy-hub-dreams-viable\/","title":{"rendered":"Egypt pays credibility tax to keep its energy hub dreams viable"},"content":{"rendered":"

Egypt is currently executing an energy strategy that looks like a <\/strong>contradiction on paper<\/strong> \u2014 but importing record amounts of gas in part to build the groundwork for one day becoming a regional exporting hub, Oil Minister Karim Badawi said at an Amcham gathering attended by EnterpriseAM. While the headlines focus on the immediate goal of keeping blackouts at bay and energy supplies to industry at adequate levels, the country has also been working to prove its credibility as an export hub. The aim is to handle future flows from Cyprus and Israel for re-export as LNG, alongside a hoped-for increase in local production.<\/p>\n

LNG imports are being used to meet domestic supply and keep the country\u2019s export <\/strong>infrastructure active, albeit at its current limited levels. <\/strong>In contrast to energy squeezes of years passed, where domestic shortages led to the seizure of locally produced gas destined for export and a pause in arrears payments, the state is taking a different approach. \u201cIt was very important for us to ensure that we leverage those FSRUs to be able to make sure that from our production we have gas going out and to be able to fulfill our needs,\u201d Badawi explained.<\/p>\n

Why it matters: <\/strong>By allowing LNG cargoes to depart from Idku while importing from its four deployed floating regasification units with a combined 2.8 bcf\/d capacity, the government is honoring existing contracts it has with international energy players in Egypt even when it comes at a financial loss. This is a long-term play to ensure that energy companies live up to their investment pledges to ramp up production. It\u2019s about giving them confidence \u2014 not only that their arrears won\u2019t be withheld again, but that they will still be able to tap into the more lucrative export market even when times get tough in Egypt.<\/p>\n

Keeping exports running during the shock was \u201cpainful,\u201d but necessary to maintain <\/strong>asset integrity and Egypt\u2019s position in global markets<\/strong>, VP and Country Chair of Shell Egypt Dalia El Gabry said. The strategy hinges on keeping liquefaction facilities \u2014 such as Idku \u2014 active even under tight domestic supply.<\/p>\n

\u201cImporting and exporting \u2014 this would be the end game for Egypt<\/strong>, playing the role of a consolidator and managing supply to the global market,\u201d El Gabry said, noting that \u201cstudies are put in place to look into the re-gasification option offshore.\u201d<\/p>\n

To increase production, the country is also looking to technologies like horizontal drilling and <\/strong>hydraulic fracturing. <\/strong>\u201cWhat maybe we didn\u2019t see before, we can see now,\u201d Badawi said, framing technology as the lever to unlock previously inaccessible resources.<\/p>\n

Flexible fiscal terms are also being deployed to encourage investment<\/strong>, with R-factor models and other arrangements allowing companies to \u201crecover earlier on the investment\u201d in frontier areas where infrastructure is limited, Badawi noted.<\/p>\n","protected":false},"excerpt":{"rendered":"

By allowing LNG cargoes to depart from Idku, the government is honoring existing contracts even when it comes at a financial loss<\/p>\n","protected":false},"author":1,"featured_media":692633,"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":[7207],"tags":[93,72,91,371,594],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-692632","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-energy","tag-enterpriseam","tag-oil-and-gas","tag-oil-ministry","tag-shell","wpautop","entry"],"acf":{"mongo_id":"27bedcf9-e462-42af-932c-e3c6a9303ccb","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/6\/687.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt pays credibility tax on its energy hub ambitions","related_issue":[692619],"teaser":"By allowing LNG cargoes to depart from Idku, the government is honoring existing contracts even when it comes at a financial loss"},"yoast_head":"\nEgypt pays credibility tax to keep its energy hub dreams viable - 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\/2026\/04\/09\/egypt-pays-credibility-tax-to-keep-its-energy-hub-dreams-viable\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt pays credibility tax to keep its energy hub dreams viable\" \/>\n<meta property=\"og:description\" content=\"By allowing LNG cargoes to depart from Idku, the government is honoring existing contracts even when it comes at a financial loss\" \/>\n<meta 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geopolitical, financial, and regulatory risks.BNP Paribas says \u201cEgypt\u2019s\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":630551,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/24\/egypt-could-get-as-much-as-eur-3-8-bn-from-the-eu-under-2018-2022-energy-cooperation-agreement\/","url_meta":{"origin":692632,"position":2},"title":"Egypt could get as much as EUR 3.8 bn from the EU under 2018-2022 energy cooperation agreement","author":"enterpriseam admin","date":"24 April 2018","format":false,"excerpt":"EU could provide as much as EUR 3.8 bn in financing to help Egypt transform into regional energy hub as two sides ink energy cooperation agreement: Egypt and the European Union signed a memorandum of understanding on energy cooperation yesterday that is widely expected to pave the way for Egypt\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":627409,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/31\/egpc-signs-usd-46-mn-oil-and-gas-exploration-agreement-with-bp\/","url_meta":{"origin":692632,"position":3},"title":"EGPC signs USD 46 mn oil and gas exploration agreement with BP","author":"enterpriseam admin","date":"31 July 2018","format":false,"excerpt":"The Egyptian General Petroleum Corporation (EGPC) signed a USD 46 mn agreement with BP yesterday for oil and gas exploration the in Gulf of Suez, according to a statement picked up by Ahram Gate. The agreement also includes a USD 4 mn to cover the cost of drilling three wells.\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":601041,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/damietta-liquefaction-plant-to-export-c-550-mn-cfd-of-natural-gas-by-april\/","url_meta":{"origin":692632,"position":4},"title":"Damietta liquefaction plant to export c.550 mn cfd of natural gas by April","author":"enterpriseam admin","date":"18 February 2019","format":false,"excerpt":"Damietta LNG plant to reopen in April after six-year hiatus: TheDamietta liquefaction plant will reopen in April and export around 550 mn cfd of natural gas following a six-year hiatus, an oil ministry source told the domestic press. The potential resumption of exports comes as plant operator Union Fenosa Gas\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":660808,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/18\/egypt-is-getting-cypriot-gas-for-liquidation-and-re-export\/","url_meta":{"origin":692632,"position":5},"title":"Egypt is getting Cypriot gas for liquidation and re-export","author":"enterpriseam admin","date":"18 February 2025","format":false,"excerpt":"The agreements involves Cyprus\u2019 Aphrodite and Cronos fields","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\/2025\/2\/1759.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/692632","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=692632"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/692632\/revisions"}],"predecessor-version":[{"id":692671,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/692632\/revisions\/692671"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/692619"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/692633"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=692632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=692632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=692632"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=692632"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=692632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}