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Egypt’s plans to become a regional natural gas export hub are on hold as dwindling domestic production and extreme heat increase its dependance on Israeli pipeline and LNG cargoes to meet surging power demand.
Rolling power cuts in Cairo have occurred since April as the government moves to conserve fuel while searing summer temperatures bake the capital. In some regions of the country, temperatures exceeded 116 degrees, the highest on record in 18 years according to the Egyptian Meteorological Authority.
Egypt last imported liquefied natural gas in 2018, before rising Israeli production helped feed the country’s plans to increase utilization at its terminals and become a net gas exporter. However, after Egypt helped supply much needed cargoes to Europe in 2022, exports were halted during last summer.
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