Liquid Gas Imports to Continue in Egypt Until 2030

The Egyptian government has decided to continue importing liquid gas into the country until 2030. Natural gas production in Egypt has declined to 4.3 billion cubic feet per day, falling short of the country's daily demand of 6 billion cubic feet, especially during peak summer months.

Earlier in 2024, the government restarted the import of liquefied gas after stopping in 2018, when domestic production was supported by new gas discoveries at the time.

The country has already reached agreements with Italian energy giant Eni and American company Apache to increase their output. To incentivize further production and exploration, Egypt has committed to settling outstanding payments to these companies. The government's strategy aims to balance domestic production and imports to ensure a stable supply of natural gas for the country's needs.