Written by: Ahmed Abdel Salam
President Abdel Fattah El-Sisi participated in a panel discussion titled "The Egyptian Energy Journey: National Achievements and Future Prospects" as part of the activities of the fourth day of the Egypt Forum 2026, with the attendance of Prime Minister Mostafa Madbouly and a number of ministers and energy sector experts.
Reviewing the achievements and challenges of the energy sector
The session witnessed a review of the work path in the energy sector over the past years and the achievements made by the state, including strengthening the electricity transmission and distribution network to support capacities produced from renewable energy and development projects, as well as the success of efforts to stop the decline in natural gas production, secure the needs of various sectors, and enhance LNG receiving capabilities to face regional and global challenges and supply chain disruptions.
The state's vision for facing energy crises and costs
President Sisi emphasized that the goal of the forum is to clarify the facts to citizens and the challenges facing the energy sector, noting the state's comprehensive plan since 2014 to develop energy infrastructure and rely on renewable energy sources. He explained that the state bears the largest part of the actual energy cost in light of the global rise in prices, affirming the government's keenness to pay the dues of foreign partners and cooperate with the private sector to develop the sector.
Government clarification on the budget and import burdens
The Minister of Finance indicated that the total financial support provided in the budget amounts to about 840 billion pounds, in addition to loan expenses, bringing the actual value to about one trillion pounds. For his part, Prime Minister Mostafa Madbouly explained that the budget was built based on a price of 75 dollars per barrel of oil, while the price actually rose to 110 dollars due to geopolitical circumstances, confirming the state's pursuit to increase reliance on renewable energy by up to 50 percent by 2030.
