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Egypt Looks to Import LNG From April Through Summer

LNG

Egypt is looking to buy LNG cargoes as early as April through the summer to avoid fuel shortages but shipping disruptions in the Red Sea are posing challenges, sources told Bloomberg.

  • Shipments would be rerouted through a facility in Jordan, sources said, after the FSRU BW Singapore left Egypt’s Ain Sukhna import terminal in November after a charter deal ended.
  • Last June, Egypt signed a deal with Jordan to jointly use an existing floating LNG import facility in Aqaba, in case of emergency.
  • Egypt largely stopped importing LNG in 2018 with the commissioning of the Zohr gas field. The country has imported just four cargoes since 2019, ship-tracking data show.
  • The country halted LNG exports during the hottest months last year. While those shipments resumed this past winter, they have lagged typical levels for the season, Bloomberg ship-tracking data showed.
  • Energy Minister Tarek el-Molla said in October that exports would continue until March or April before using the fuel domestically during the summer.

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