Currently the country is grappling with power shortages when a heatwave has driven up demand for cooling.
It received a boost from Italian company Eni's discovery of the giant Zohr gas field in 2015, and started importing from Israel in 2020. "The decline in production from the field is having a notable impact on gas output as the field accounts for approximately 40% of the country's total gas production," said Olumide Ajayi, senior LNG analyst at LSEG.production problems at Zohr. The government says work is under way on Zohr's 20th well.the start of a $1.
Rolling blackouts this summer have also raised questions about gas supply, which accounted for 77% of Egypt's power generation in 2022, according to BMI Research.
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