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Source:
بوابة أخبار اليوم
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Petroleum Minister on Gas Freight Increase
Oil Minister Karim Bedoui clarified that the increase in the cost of the LNG shipment to Egypt is due to the repercussions of the Iranian-American conflict, which led to the shipment cost rising from $40 million to approximately $80 million. This increase is attributed to higher gas prices, shipping costs, and insurance expenses caused by regional unrest. He affirmed that this rise impacts the energy bill, especially since the country relies on imports to cover the gap between production and consumption, which widens during the summer due to increased electricity demand—despite the sector's capacity to meet all the local market's needs for gas and petroleum.
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