gas pipeline
Egypt is estimated to import 28.6 million tonnes of crude oil, LNG and various other oil products, which accumulates to the value of $16 billion (ZAR203 billion) in the 2015/16 fiscal year

In North Africa, Egypt’s President Abdel Fattah al-Sisi has announced that manufacturers dependent on gas-to-power generation technology, need not fear a gas shortage come the end of November, reported Reuters.

Egypt’s Trade and Industry Minister Tarek Kabil said on Sunday that production at steel firms had been affected for an estimated four months as a result of gas shortages.

End to gas shortage

Al-Sisi said on Sunday that come “end of November, there will be no gas problems for any factory in Egypt, not the current ones nor the ones that will be built.”

According to Reuters, gas dependent factories have been challenged to reach optimal production as a result of the country’s gas shortage. Al-Sisi did not disclose how the current problems would be eradicated.

Net importer

In June, ESI reported that natural gas shortages at electricity plants during Egypt’s 2014 summer season had prompted the government to reduce the load on the national grid by cutting off power. The deficit at the time was estimated to be approximately 2,500MW.

According to the Ministry of Electricity’s spokesperson, Mohamed Al-Yamani, all power stations in Egypt have undergone full maintenance between October 2014 and May this year.

Additionally, 3,632MW of power has been added to the national grid through the implementation of the ministry’s urgent plan to meet the electricity demand.

In August, Reuters reported that Egypt’s ministry revealed that the country is estimated to import 28.6 million tonnes of crude oil, liquefied natural gas and various other oil products, which accumulates to the value of $16 billion (ZAR203 billion) in the 2015/16 fiscal year.

This indicates that the country has gone from being an exporter to a net importer of fuel resources.

Sisi said the country needs $19 billion to solve its electricity problem in the coming years.