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LNG: Egypt Targeting LNG Import Facility with Eni

LNG
Energy BulletsBulletPower BulletsCommodities

Egypt is in talks with Eni to build a new LNG import facility, planned near Damietta on the Mediterranean coast according to Bloomberg sources where Eni already has an export facility.

  • Egyptian plans are in focus as it became a net gas importer rather than exporter last year, placing further pressure on Europe for cargoes.
  • Egypt’s EGPC is seeking to buy at least four LNG cargoes for delivery in February and March, according to Bloomberg sources on Tuesday.
  • Total LNG demand for Q1 will be 15-20 LNG cargoes.
  • Egyptian LNG demand is expected to remain high, with a floating LNG import terminal leased at the Red Sea port of Ain Sokhna until 2026. It has also secured another facility that will arrive from neighboring Jordan to start operations in mid-2025.
  • Local media reports this week suggested Egypt wanted to return to a net gas exporter in 2027 as it boosted domestic gas production at fields like Zohr.
  • Egypt is also seeking to boost natural gas imports via pipelines before the start of this summer.
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Egypt is in talks with Eni to build a new LNG import facility, planned near Damietta on the Mediterranean coast according to Bloomberg sources where Eni already has an export facility.

  • Egyptian plans are in focus as it became a net gas importer rather than exporter last year, placing further pressure on Europe for cargoes.
  • Egypt’s EGPC is seeking to buy at least four LNG cargoes for delivery in February and March, according to Bloomberg sources on Tuesday.
  • Total LNG demand for Q1 will be 15-20 LNG cargoes.
  • Egyptian LNG demand is expected to remain high, with a floating LNG import terminal leased at the Red Sea port of Ain Sokhna until 2026. It has also secured another facility that will arrive from neighboring Jordan to start operations in mid-2025.
  • Local media reports this week suggested Egypt wanted to return to a net gas exporter in 2027 as it boosted domestic gas production at fields like Zohr.
  • Egypt is also seeking to boost natural gas imports via pipelines before the start of this summer.