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Petroleum Minister: Summer 2026 Unaffected
Engineer Kareem Badawi, Minister of Petroleum and Mineral Resources, confirmed that the port of Damietta incident in August 2026 did not affect gas supplies in Egypt, thanks to advanced preparations and the use of liquefaction plants and tugboats in Aqaba. The damaged ship was compensated for with the existing vessels, and diesel quantities for power plants were increased, ensuring the continuous supply of electricity to the national grid and citizens. The minister noted that the cost of importing gas doubled from $40 million to $80 million due to the geopolitical crisis. However, the supply system continued without significant interruptions, supported by four tugboats to secure supplies. He also highlighted ongoing exploration efforts to increase production and achieve accumulation in the petroleum sector.
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