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Egypt To Resume LNG Exports This Month: Energy Minister

LNG

Egypt is planning to resume LNG exports this month after increased domestic demand led to a halt in shipment this summer, Egypt’s Energy Minister, Tarek el-Molla, said.

  • An exceptional heatwave had caused domestic gas shortages in the country, el-Molla said.
  • Current natural gas prices are not encouraging to raise exports, he added.
  • The country has been previously targeting to resume LNG exports by October, amid available excess quantities in winter.
  • Egypt loaded two cargoes in July, marking the only LNG shipments during the third quarter, ICIS data showed as of 15 August.
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