Egypt Halts Fertilizer Production In Light of Israeli Gas Disruptions
Egyptian fertilizer producers were forced to halt operations on Friday due to a drop in natural gas imports from Israel, industry sources told Reuters.They said major Israeli gas fields had suspended operations following Israel's military strikes against Iranian nuclear facilities and missile factories.In response, an emergency plan was enacted prioritising gas allocations, including cutting supply to some industries, Egypt’s Petroleum Ministry said in a statement.Power stations have ramped up their use of fuel oil to maximum available levels…
Energy Crunch has Egypt Seeking 40-60 LNG Cargoes
Egypt is in talks with energy firms and trading houses to buy 40-60 cargoes of liquefied natural gas (LNG) amid a worsening energy crunch ahead of peak summer demand, three sources aware of the matter told Reuters.The country faces spending up to $3 billion at current prices to secure the LNG, squeezing government coffers already under strain to keep the lights on amid falling gas production and a cost of living crisis.President Abdel Fattah al-Sisi on Wednesday directed the government to "preemptively take whatever needs necessary to ensure stable electricity flow…
Egypt In Talks to Buy LNG Cargoes Amidst Energy Crunch
Egypt is in talks with energy firms and trading houses to buy 40-60 cargoes of liquefied natural gas (LNG) amid a worsening energy crunch ahead of peak summer demand, three sources aware of the matter told Reuters.The country faces spending up to $3 billion at current prices to secure the LNG, squeezing government coffers already under strain to keep the lights on amid falling gas production and a cost of living crisis.President Abdel Fattah al-Sisi on Wednesday directed the government to "preemptively take whatever needs necessary to ensure stable electricity flow…
Egypt Declares Seven People Dead From Capsized Tourist Boat in November
Egypt has officially declared seven missing people, including five foreigners, dead after a tourist boat capsized off Egypt’s Red Sea coast in November.A decree published in the official gazette on Sunday by the country's prime minister deemed two British and two Polish tourists, along with a German person and two Egyptians dead.The boat, the Sea Story, capsized in November near the Sataya Reef while carrying 31 tourists and 13 crew on a multi-day diving trip. It was struck by high waves and sank in five to seven minutes.
