New republic's journey from importing gas... to a historic energy boom
Monday، 20 February 2023 - 12:00 AM
Cabinet’s Media Center issued, 20-2-2023, a report that included infographics highlighting the energy sector as a pillar of economic development over the past 8 years, and the journey of the new republic from electricity deficit and gas imports to a historic boom and a regional hub for energy.
The report revealed the positive transformation witnessed by indicators of energy growth and investments, noting that with regard to the increase in implemented public investments, public investments in petroleum (crude oil - natural gas) increased by 85.8%, recording 47 billion pounds in 2021/2022, compared to 25.3 billion EGP in 2013/2014.
It also pointed that investments in electricity increased by 413.2%, reaching EGP 62.1 billion in 2021/2022, compared to EGP 12.1 billion in 2013/2014.