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Egypt Today
6 days ago
- Business
- Egypt Today
PM Madbouly tours national gas center, oversees arrival of new LNG vessel
Cairo – June 22, 2025: As part of an official tour on Saturday, Prime Minister Mostafa Madbouly visited the National Control Center overseeing Egypt's natural gas network to assess the country's preparedness for increased energy consumption during the summer months. The facility, managed by GASCO, plays a crucial role in distributing gas nationwide and safeguarding supply to key sectors such as electricity generation, manufacturing, and residential use. During the visit, the Prime Minister received detailed briefings on the center's operational capabilities, including its contingency systems and its ability to manage inflows of imported liquefied natural gas (LNG). In a related stop, Madbouly also toured the Energos Eskimo, a newly docked floating regasification vessel at Ain Sokhna Port, which is set to contribute to expanding the nation's LNG import infrastructure. The vessel is part of a government plan to deploy four such ships to enhance LNG import capacity. The Energos Eskimo, the second vessel of its kind after Hoegh Galleon entered service last year, will be transferred to a specially prepared berth at SUMED Port in Sokhna, capable of handling 750 million cubic feet of gas per day. Madbouly described the project as a reflection of Egypt's commitment to energy security and its proactive approach to managing seasonal demand peaks. Petroleum and Mineral Resources Minister Karim Badawi, who accompanied the Prime Minister, confirmed that a second berth at SUMED has been equipped with loading arms and pipelines connecting to the national gas network. Technical preparations for the vessel's integration into the system are expected to conclude within days. Badawi emphasized that the flexibility and resilience of the gas grid allow the state to adapt quickly to supply challenges and maintain reliable service. At the control center, officials from GASCO and EGAS highlighted the use of real-time monitoring systems and simulation software to manage national gas flows and anticipate consumption spikes. The network also coordinates continuously with the national electricity grid to ensure stable power generation, particularly during high-demand summer months. Madbouly praised the strategic approach taken by the petroleum sector, noting its ability to respond swiftly to crises such as the COVID-19 pandemic and global supply disruptions caused by the war in Ukraine. He also welcomed updates on the state's broader LNG strategy, which includes two additional FSRUs currently being prepared at Ain Sokhna and Sonker terminals, and a fourth vessel scheduled to arrive in Damietta this August. Together, the four vessels will bring an additional 2.25 billion cubic feet of gas per day into Egypt's supply mix. Badawi noted that these imports were secured through strategic negotiations with countries such as Jordan and Germany, leveraging Egypt's diplomatic relationships to ensure energy stability amid global market volatility. The petroleum minister concluded the tour by reaffirming that, alongside LNG imports, the government continues to invest in boosting domestic production. Exploration and development efforts are being ramped up, and recent measures to attract investment and stabilize partner payments are expected to gradually reverse natural production declines.
Daily News Egypt
6 days ago
- Business
- Daily News Egypt
Madbouly reviews LNG infrastructure readiness at Ain Sokhna Port
Prime Minister Mostafa Madbouly visited Ain Sokhna Port on Saturday to inspect the liquefied natural gas (LNG) regasification vessel Energos Eskimo, as part of the government's broader efforts to bolster energy security and ensure the continuity of natural gas supplies. At the start of his tour, the Prime Minister emphasised that the government is taking proactive steps to meet Egypt's natural gas needs by expanding infrastructure capacity for receiving imported LNG. Madbouly noted that the initiative aims to enhance the efficiency and flexibility of the national gas supply system to accommodate rising domestic demand, particularly during the summer months, and in response to recent regional developments following the Israeli military operation in Iran. He stated that these measures fall within a comprehensive governmental plan involving relevant ministries to safeguard the stability of the national power grid. Accordingly, the government aims to have three regasification vessels operational by early July, with a combined capacity of 2,250 million cubic feet per day. A fourth vessel will be kept on standby to provide additional support and ensure the availability of various petroleum products, Madbouly added. During his inspection of the Energos Eskimo vessel, the Prime Minister underscored that these strategic projects reflect the state's commitment to securing natural gas supplies and reinforcing the system's resilience during peak consumption periods in the summer. He highlighted that this vessel is the second of its kind stationed at Ain Sokhna Port, following the Hoegh Galleon, which entered service last year under the government's plan to operate four regasification vessels and expand LNG import capacity. Madbouly also reviewed the advanced technical works being finalised by Petrojet, a subsidiary of the petroleum sector, in preparation for the vessel's transfer to the SUMED port dock in Sokhna. The Energos Eskimo has a design capacity of 750 million cubic feet of gas per day. Minister of Petroleum and Mineral Resources Karim Badawi explained that petroleum sector teams have completed the development of a second berth at the SUMED Port to receive the vessel. This includes the installation of two loading arms and pipelines for transferring gas to the national grid. Badawi noted that the teams are working with high efficiency and speed to complete the required technical works, with ongoing field inspections to ensure timely progress. The Minister further highlighted the proactive steps taken by the Ministry since last year to secure gas supplies, diversify sources, and manage emerging challenges. He noted that the Ministry succeeded in contracting three LNG regasification vessels following a phase of political and commercial negotiations with various governments—leveraging Egypt's strong diplomatic ties with countries such as Jordan and Germany. These vessels were secured by the Egyptian Natural Gas Holding Company (EGAS) amid high global demand, as part of a broader strategy to achieve energy security in the face of geopolitical risks and global instability. The combined capacity of the three vessels stands at 2,250 million cubic feet per day, significantly enhancing Egypt's domestic gas supply capabilities to meet the needs of all consumer sectors. One vessel is currently operational at SUMED Port, while preparations are underway to commission the remaining two at the SUMED and Sonker terminals in Ain Sokhna. Badawi added that a fourth regasification vessel is scheduled to arrive in August and will be operated at Damietta Port on the Mediterranean Sea, further strengthening the resilience and diversification of Egypt's energy supply in the face of ongoing global challenges. The Minister also stressed that, alongside the urgent plan to cover local demand through LNG imports, the government is intensifying efforts to boost domestic natural gas production. He cited recent successes in curbing natural production decline by introducing incentive packages to attract investment and ensuring the timely payment of dues to partners. These actions are expected to gradually increase output, as exploration and production activities pick up momentum. During his tour aboard the Energos Eskimo, Madbouly received a technical briefing from Walid Lotfy, Chairperson of Petrojet, on the modifications and readiness efforts under way. Lotfy confirmed that the implementation timeline had been compressed from 29 days to just 10, thanks to round-the-clock work and intensified efforts. The works included mechanical modifications, control system adjustments, and commissioning tests to ensure the vessel's full readiness to receive LNG and convert it into its gaseous form for integration into the national grid.
Middle East
7 days ago
- Business
- Middle East
OPEN// PM starts tour at Ain Sokhna port to follow up importing natural gas
CAIRO, June 21 (MENA) - Prime Minister Moustafa Madbouli asserted on Saturday that the Egyptian government is actively working to secure the country's natural gas needs by enhancing the infrastructure required to receive imported liquefied natural gas (LNG). This move aims at boosting the efficiency and flexibility of Egypt's gas supply system to meet the growing domestic demand, particularly during the high-consumption summer months, he added. This came during an inspection tour on Saturday at Ain Sokhna port where Madbouli emphasized that these efforts are part of a broader, integrated package of measures being implemented by various ministries to ensure the stability of the national electricity grid. He particularly highlighted the importance of energy security in light of recent regional developments, notably the Israeli military operation in Iran. During the visit, Madbouli inspected the LNG regasification vessel Energos Eskimo, reflecting the government's commitment to strengthening energy security and ensuring the sustainability of gas supplies. He was accompanied by Petroleum and Mineral Resources Minister Karim Badawi. Madbouli revealed that Egypt is set to operate three regasification vessels starting from July. He also announced that a fourth regasification vessel would be held in reserve as a contingency measure to ensure continued availability of petroleum products and enhance national energy security. (MENA) M H K/Y R E
Daily News Egypt
16-06-2025
- Business
- Daily News Egypt
Egyptian government, Elsewedy discuss expanding cooperation in petroleum, mining sectors
Minister of Petroleum and Mineral Resources Karim Badawi met with Ahmed El Sewedy, CEO and Managing Director of Elsewedy Electric, to discuss avenues for expanding joint cooperation in the fields of petroleum, mineral resources, petrochemicals, and green energy. During the meeting, Badawi presented the six foundational pillars of the Ministry's strategic plan, highlighting extensive investment opportunities within Egypt's petroleum sector and its rapidly developing mining industry. He emphasised the significance of transforming the Egyptian Mineral Resources Authority into the 'Mineral Resources and Mining Industries Authority'—a newly established economic body that is expected to enhance the Authority's operational efficiency, foster better alignment with government and investor interests, and attract both foreign and local investment into the mining sector. This transformation, he noted, is a major step towards positioning Egypt as a regional hub for value-added mining activities. By tapping into both domestic mineral wealth and raw materials imported from African nations, Egypt aims to establish complementary industries that create added value across the supply chain. Badawi also reaffirmed the Ministry's commitment to encouraging private sector involvement across these key sectors, stressing the mutual benefits for the state and investors alike. Ahmed El Sewedy, for his part, reiterated the group's strong interest in investing in mineral resources such as phosphate and kaolin, particularly through the development of downstream industries that enhance the value of these materials. He highlighted Elsewedy Group's broad international presence, with operations in more than 40 countries, and affirmed the company's intention to expand its footprint in Egypt through investments in mining, green energy, petroleum exploration services, and petrochemical industries. The meeting was also attended by senior officials, including Samir Raslan, Undersecretary of the Ministry for Exploration and Agreements; Yasser Ramadan, Chairman of the Egyptian Mineral Resources Authority (EMRA); and Mohamed Radwan, Director of the Egypt Upstream Gateway and Vice President for Agreements and Exploration at Ganoub El Wadi Holding Company for Petroleum.
See - Sada Elbalad
09-06-2025
- Politics
- See - Sada Elbalad
PM Mourns Fuel Tanker Hero, Orders Honorary Pension & Family Reward
Nada Mustafa Prime Minister (PM) Dr. Mostafa Madbouly has expressed his deep sorrow and condolences over the death of Khaled Mohamed Shoukry, the heroic driver, who lost his life after bravely intervening during a fuel tanker fire at a gas station in 10th of Ramadan City. Shoukry died from injuries sustained while preventing a greater catastrophe, sacrificing himself to save others. PM described the late driver as a symbol of bravery and selflessness, noting that his swift and courageous response helped avert a major disaster, sparing numerous lives and properties. In recognition of Shoukry's sacrifice, Madbouly directed the Ministers of Petroleum and Mineral Resources, and Social Solidarity, to immediately coordinate the disbursement of a generous financial reward and an exceptional pension to his family. He also instructed that his family be formally honored in a manner befitting his heroic act, which, PM affirmed, will remain engraved in the nation's memory. Madbouly further emphasized that the government, and the Egyptian people, deeply value such shining examples of courage and are committed to elevating their status as role models for society. As part of the tribute, Alaa Abdellah, Head of the Urban Development Authority for 10th of Ramadan City, announced that a city street would be named after Khaled Mohamed Shoukry Abdel Aal, immortalizing his name and honoring his noble actions that epitomized the highest standards of bravery and dedication. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks News Shell Unveils Cost-Cutting, LNG Growth Plan Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream
