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المصري اليوم
Source: المصري اليوم
1 Dayالمصري اليوم
Source: المصري اليوم
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The government has cut gas supplies to fertilizer and iron plants to curb consumption, amid declining domestic production and rising costs for importing liquefied natural gas (LNG). The cut for Abu Qir, Mopco and Egyptian Fertilizers plants has increased from 20% to 33%, while some iron plants have faced cuts of up to 30%. Officials warned that a 33% cut in gas supplies to fertilizer plants could force a urea production line to shut down. Plants need to receive 80–85% of their gas requirements to operate. The cuts could also affect sponge iron production and plant operating efficiency. The pressure has mounted as Asian LNG prices rose to more than $31.40 per million British thermal units on November 6, up from about $25 at the end of September. There are concerns that continued cuts, with no set date for supplies to be restored, could hurt production and investment.
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