Renewables will be key to Egypt’s gas dependence

Significance This adds momentum to the renewable energy sector, even as Cairo attempts in parallel to stabilise gas production and boost it long-term. Increased renewable energy would reduce domestic gas demand for power generation, cut gas import bills and potentially allow a resumption of gas exports, all of which would improve the government's finances. Impacts The more cooperative approach adopted by the government towards the oil and gas sector will stimulate upstream investment. Increased foreign support would aid Egypt's nascent energy transition. LNG demand is likely to remain modest before falling again towards 2030.