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المصري اليوم
Source: المصري اليوم
17 Hrsالمصري اليوم
Source: المصري اليوم
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The article covers the movement of Deputy Mohamed Fouad, head of the parliamentary bloc of the Justice Party in the House of Representatives, regarding the rising costs of natural gas imports during the 2026/2027 fiscal year. Estimates indicate that the annual allocations, amounting to approximately $10.7 billion, will be exceeded, with a potential funding gap ranging from $2.8 billion to $6 billion until the end of June 2027. Data shows that the import costs during the first three months of the fiscal year reached around $5.46 billion—more than half of the annual budget in just 25% of the year's duration. The cost of LNG imports alone reached about $5.2 billion over three months, amid ongoing price hikes, with the average gas price rising from $13 in January to $25 in September and October—an increase of approximately 92%. Fouad suggested scenarios based on reduced gas consumption or improved local production to better predict future costs. He emphasized that the crisis stems from insufficient risk assessments regarding external factors, especially with declining domestic production and rising global prices, calling for dialogue with relevant ministries to discuss the actual costs and the government's preparedness to manage these risks.
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