Egypt to Halt Summer Power Cuts Amid Natural Gas Arrivals

Egypt will stop load-shedding power cuts during the summer after receiving natural gas shipments, as announced by Prime Minister Mostafa Madbouly. The North African country has been facing power shortages due to high cooling demand. Egypt plans to address future energy needs with investments in renewable energy.

Egypt will cease load-shedding power cuts during the summer starting Sunday, announced Prime Minister Mostafa Madbouly on Wednesday, following the arrival of natural gas shipments. The move aims to alleviate a crisis that has affected the nation's 106 million residents.

The country has struggled with power shortages as elevated cooling needs during the hot season spike consumption levels. Predominantly reliant on natural gas for electricity, Egypt resorts to load-shedding—rotating power cuts—to forestall the collapse of its overburdened grid.

Prime Minister Madbouly revealed that daily power consumption has surged to over 37 gigawatts, a 12% increase from the previous year. The nation has so far received five out of 21 contracted LNG cargoes, with each shipment containing 155,000 cubic meters of liquefied natural gas, according to the petroleum ministry. Future plans to meet summer energy demands include heavy investment in renewable energy sources by 2025.

(With inputs from agencies.)