• Natural Gas News

    Zawya: Lights Stay on as Fuel Starved Factories Flail (Egypt)

    old

Summary

Egypt's focus on using gas for domestic consumption has eased power crises to residential but is hurting its power-starved factories

by: Erica Mills

Posted in:

Press Notes, Africa

Zawya: Lights Stay on as Fuel Starved Factories Flail (Egypt)

It was no coincidence that President Mohamed Morsi was kicked out of office in the summer. By late June of 2013, a perfect storm of factors--including Cairo's punishing temperatures, economic malaise and an unsustainable subsidies regime--sparked a severe fuel shortage. Egyptian leaders' failure to deal with the daily rolling blackouts and long gas queues fueled growing public anger, which finally culminated in the mass protests of June 30 and Morsi's ouster a few days afterward. 

Two years later, the new regime is not about to repeat those mistakes. Experts agree that Egypt's dearth of natural gas--which the country has long relied upon to power everything from heavy industry to electricity plants--is anything but over. 

Read the full article HERE.