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Egypt Expected to Pull in 20 LNG Cargoes this Summer

LNG
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Egypt expects to import over 20 LNG cargoes over the summer to try and ease power shortages in the country – a huge step up for its imports.

  • State-run Egyptian Natural Gas Holding Co. will buy the shipments via tenders through October according to a number of reports.
  • Egypt had largely stopped LNG imports since 2018.
  • So far, the country has bought at least four shipments for delivery to Jordan, from where it’s rerouted to Egypt.
  • It adds further competition for European shipments as they aim to refill inventories this summer.
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Egypt expects to import over 20 LNG cargoes over the summer to try and ease power shortages in the country – a huge step up for its imports.

  • State-run Egyptian Natural Gas Holding Co. will buy the shipments via tenders through October according to a number of reports.
  • Egypt had largely stopped LNG imports since 2018.
  • So far, the country has bought at least four shipments for delivery to Jordan, from where it’s rerouted to Egypt.
  • It adds further competition for European shipments as they aim to refill inventories this summer.