Free Trial

Egypt Seeks LNG Buy Tender

LNG

Egypt’s EGAS is looking to buy an LNG cargo on a DES basis for May 29-30 delivery to the Aqaba import terminal in Jordan, according to Bloomberg.

  • The gas will be re-routed to Egypt, Bloomberg said.
  • The tender closes May 16.
  • Egypt is typically a net exporter of LNG but is looking to acquire cargoes to avoid the chronic blackouts seen in 2023.
  • Egypt will also receive an FSRU, Hoegh Galleon, in June, to be located in Ain Sokhna for 19-20 months. This will enable direct LNG imports.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.