Egypt's 2026 fuel and gas imports hit $30B

The Egyptian government expects that the import bill for petroleum products and liquefied natural gas (LNG) will reach approximately $30 billion in 2026, marking a 53.8% increase over the previous year. This rise is attributed to the surge in LNG and oil prices due to the Iranian war. The LNG import bill alone is estimated at around $19.5 billion, while the cost of importing diesel to meet the needs of power plants and industry is approximately $10 billion. Egypt's LNG imports during the first quarter of 2026 increased by 152% compared to the same period in 2025, with a focus on importing shipments to meet the country's energy demand.

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