Energy

The Natural Gas Regulatory Act, or Law No. 196 of 2017, which was approved by the House of Representatives in the summer of 2017, is the culmination of a long legislative effort by the government. The drafting of the law began shortly after the election of President Abdel Fattah El Sisi in 2014, and the completion of this process followed...

As Egypt looks to raise its generation capacity to meet rising demand, the government is seeking to attract independent power producers (IPPs) to a newly liberalised market. Renewable energy plans for 2015-23 call for 920 MW to be provided by IPPs, in addition to the 3.2 GW of government-operated projects and 1.25 GW generated under build-own-...

The significant increase of electricity prices throughout 2017, coupled with other economic reform measures, placed considerable strain on both individual Egyptians and businesses in the country. Households and firms alike are banking on this short-term pain leading to long-term gain in the form of new investments across industries.

Egypt continues to strive not just for energy independence, but to return to its status as a regional exporter. With oil and gas fields in the Gulf of Suez, the Mediterranean Sea and the Western Desert, the country has been a site of energy exploration since the early 20th century. This has led not only to substantial oil production, but also...