– Business, Finance, Markets & Economic News
  • Home
  • Economy
  • Business
  • Markets
  • Finance
  • Credit Ratings
  • Policy
  • Tech
– Business, Finance, Markets & Economic News
  • Home
  • Economy
  • Business
  • Markets
  • Finance
  • Credit Ratings
  • Policy
  • Tech
Top News
Fitch Affirms Morocco at BB+ With Stable Outlook, Citing Strong Fiscal Position
Nigeria’s Current Account Surplus Jumps 68% to $7.54 Billion as Oil Exports and Remittances Rise
Ivory Coast to Launch Gold Refinery in 2027 as It Targets Africa’s Top Producer Spot
Nigeria Sets 180-Day Deadline to Launch Digital Free Zones and Retain Tech Investment
TotalEnergies Secures $1.8 Billion Africa Infrastructure Deal With BlackRock’s GIP
Vedanta’s KCM Signs $498 Million Deal for Copper Recovery Plant in Zambia
World Bank Group Mobilizes Record Private Capital as Africa Financing Surges to $22 Billion
IMF Reaches Staff-Level Agreement With Zimbabwe on Second Programme Review
Fitch Says Naira Devaluation Boosted Foreign Subsidiaries of Nigerian Banks
Petrobras Signs Ivory Coast Deals for Eight Offshore Exploration Blocks
Uganda Raises Banks’ Cash Reserve Requirement to 13.5% as Shilling Weakens
Zimbabwe Railways Seeks $115 Million Afreximbank Facility to Expand Freight Capacity
South Africa’s First Offshore Wind Project Stalls as Developers Redesign 800 MW Gagasi Farm
South Africa Consumer Confidence Rebounds in Q3 as Spending Outlook Remains Weak
US DFC Commits Up to $155 Million to WIOCC for African Digital Infrastructure
SUBSCRIBE
– Business, Finance, Markets & Economic News
Subscribe
– Business, Finance, Markets & Economic News
  • Home
  • Economy
  • Business
  • Markets
  • Finance
  • Credit Ratings
  • Policy
  • Tech
Copyright 2026 - All Right Reserved
Home » Energy » Egypt Secures Alternative Energy Supplies After Drone Attack Damages Gas Vessel at Damietta Port
Energy

Egypt Secures Alternative Energy Supplies After Drone Attack Damages Gas Vessel at Damietta Port

by Emmanuel Ebube July 31, 2026
written by Emmanuel Ebube July 31, 2026
FacebookTwitterLinkedinEmail
58

CAIRO, July 31 – Egypt has secured alternative energy supplies to meet domestic demand after a drone attack damaged a gas vessel at Damietta Port, Prime Minister Mostafa Madbouly said, as authorities moved to minimise disruptions to the country’s electricity and gas supply.

Speaking on Thursday, Madbouly said the government had activated contingency measures to ensure energy supplies remain stable following the incident.

Petroleum Minister Karim Badawi said Egypt’s gas import infrastructure provides sufficient flexibility to manage the disruption. According to him, the country currently operates four Floating Storage Regasification Units (FSRUs), alongside a fifth vessel stationed at Jordan’s Aqaba Port, which is jointly shared by Egypt and Jordan.

The additional regasification capacity is expected to strengthen Egypt’s ability to import and process liquefied natural gas (LNG), helping maintain fuel supplies for power generation and industrial consumption.

You Might Be Interested In
  • Malawi Launches 20 MW Utility-Scale Battery Storage System to Improve Electricity Supply

Electricity Minister Mahmoud Esmat said electricity demand has remained at peak levels of between 37 gigawatts and 39 gigawatts over the past 15 days, reflecting increased seasonal consumption.

According to Esmat, the government has sufficient reserves of alternative fuels to support electricity generation.

He said more than 425,000 metric tonnes of fuel oil are currently available at power plants, with additional strategic reserves also in storage to safeguard energy security.

Authorities have not identified those responsible for the attack.

According to Esmat, no party has claimed responsibility for the drone strike, adding that investigations into the incident remain ongoing.

The attack highlights the growing importance of energy infrastructure security across the region as Egypt continues efforts to strengthen its gas import capacity and ensure reliable electricity supplies during periods of peak demand.

Read Next

  • From Diamonds to Crude : Botswana Bids for a Slice

    March 31, 2026
  • Nigeria Directs Fuel Marketers to Cut PMS Prices as Global Oil Prices Decline

    June 30, 2026
  • S&P Upgrades Congo Outlook to Positive on Reforms and Mining-Led Growth

    January 26, 2026
  • Nigeria, UAE Seal CEPA to Open Markets, Cut Tariffs and Accelerate Investment Flows

    January 14, 2026
  • Egypt Inflation Eases to 14.9% Despite Ongoing Price Pressures

    May 6, 2026

Newsletter

Subscribe to our newsletter for trusted insights on Africa’s economies, markets, and business.

African Economy Inc. Logo

About Us

We are a business and economic intelligence platform delivering in-depth reporting, analysis, and insights on markets, companies and economic developments across Africa.

Our Company

  • AEI Intelligence
  • About
  • Editorial Standard
  • Partnerships
  • Advertise With Us
  • Careers
  • Ownership

News

  • Economy
  • Business
  • Markets
  • Finance
  • Credit Ratings
  • Policy
  • Tech

Useful Links

  • Privacy Policy
  • Terms of Use
  • Closed Captioning Policy
  • Accessibility Statement
  • Personal Information
  • Data Tracking
  • Register New Account

Subscribe Newsletter

Subscribe to our newsletter for trusted insights on Africa’s economies, markets, and business.

©2026 Majons Media Inc. All Rights Reserved.

Facebook Twitter Instagram Linkedin
Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
– Business, Finance, Markets & Economic News
  • Economy
  • Business
  • Markets
  • Banking & Finance
  • Energy
  • Tech
  • Policy