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Egyptian LNG Exports YTD Down 64%

LNG

Egypt’s LNG exports so far this year stood at 270,000 tons, down by 64% on the year, amid bearish European and Mediterranean natural gas market dynamics and tensions in the Middle East according to S&P Commodity Insights.

  • Despite the resumption of Israeli natural gas flow to Egypt, LNG exports remained limited, as war-related delays in building additional gas pipelines to support increased Israeli flows will likely contribute to further declines in Egyptian LNG exports in 2024, Ayush Agarwal, LNG analyst at S&P Global, said.
  • Egypt’s LNG exports so far in September stood at 70,000 tons, with all shipments headed to the UK, S&P data showed.
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