Egypt is targeting the integration of 2,500 megawatts of renewable energy capacity into its national electricity grid before the summer of 2026, as the government moves to shore up power generation and diversify fuel sources in the face of tightening regional energy supplies.
The push follows a high-level government meeting in which President Abdel Fattah El-Sisi directed the full settlement of arrears owed to foreign energy companies, urged intensified efforts to attract investment, and called for expanded infrastructure for liquefied natural gas imports, including the deployment of additional Floating Storage and Regasification Units (FSRUs).
Egypt currently operates four FSRUs with a combined capacity to inject 2.75 billion cubic feet of gas per day into the national grid, a capability that allows it to receive LNG cargoes via both the Mediterranean port of Damietta and the Red Sea port of Ain Sokhna, shielding the country from dependence on any single supply route. Minister of Petroleum Karim Badawi noted that while piped gas supplies have been fully interrupted, Egypt’s LNG import infrastructure has helped maintain supply stability.
Badawi also outlined plans to maximise the utilisation of existing refineries to reduce the fuel import bill and stressed that agreements with partners — including Saudi Aramco — give Egypt flexibility to source crude oil via the Red Sea and transport it to the Mediterranean through the SUMED pipeline.
Source: Egypt Oil & Gas