How has Egypt positioned itself as a regional energy hub?

Over the last decade, Egypt has prioritised national energy security and positioned itself as a regional energy hub. This focus involves both domestic initiatives and international collaborations to expand renewable energy sources, improve energy efficiency, and invest in green hydrogen technologies.

Why does Egypt need a cooling system?

The increase in Egypt’s average temperatures has accelerated during the past two decades, dramatically raising energy demand for cooling during the summer.

Why does Egypt need a more resilient energy system?

The combination of increasing electricity demand for cooling and decreasing generation efficiency calls for a more resilient energy system. Although Egypt has less than 80 mm of annual rainfall, flood risks have increased in some regions due to the high regional variability in precipitation.

How does Egypt deal with the energy crisis?

To alleviate the crisis, Egypt has allocated $1.2bn to fund initial energy imports, including 21 LNG cargoes that have begun to arrive, mainly from the US. The blackouts, which began in April, ended at the beginning of August but could resume in mid-September, according to the government.

Where is Egypt's energy infrastructure located?

This is particularly alarming since 95% of Egypt’s population lives in the Nile Valley and Delta and many energy infrastructure assets are located along the coast and in the Nile Delta. Respectively, 39% and 7% of installed gas and oil power plant capacity is located in areas below 10 metres above sea level.

How much do Egypt's oil and gas imports cost?

According to Farouk Soussa, Middle East and North Africa economist at Goldman Sachs, Egypt’s net oil and gas imports cost $6.3bn in the year to March 2024, compared with a peak net export surplus of $4.4bn in the year to September 2022. “That’s a swing of $10.7bn,” he said. Zohr’s gas processing facility.