MNI: PBOC Net Injects CNY215.7 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1991 Weds; +0.73% Y/Y

MNI BRIEF: Aussie Q3 Wages Print At 0.8% Q/Q, 3.5% Y/Y

CHINA PBOC CONDUCTS CNY233 BLN VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1991 WEDS VS 7.1927

MNI: US Consumers See Lower Inflation, Better Jobs - NY Fed

Australia Q3 Wage Price Index +0.8% Q/Q

MNI: JAPAN OCT CORP GOODS PRICE INDEX +3.4% Y/Y; SEPT REV +3.1%

EZ/UK Bond Supply Calendar: IT, UK, DE, PO Auction Wednesday

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

LNG: Egypt Seeks 20 LNG Cargoes for Delivery in Q4

LNG
Energy BulletsBulletPower BulletsCommodities

Egypt is seeking to buy 20 cargoes of LNG from October to December as the summer imports continue into the winter season, according to Bloomberg sources.

  • State-owned Egyptian General Petroleum Corporation issued a tender for 17 cargoes for delivery to the floating import terminal at Ain Sukhna and a further three cargoes delivered into Aqaba, Jordan.
  • Egypt has purchased over 20 cargoes to date through Q3. 80% of Egypt’s LNG imports so far have come from the US.
  • The first LNG imports towards the winter season since 2018 is driven by rapidly declining gas production in Egypt and after an unusually hot summer. Gas output from the Zohr field in the Mediterranean is down by about a third since 2019.
  • LNG imports from the previous exporter have this year risen to the highest level since 2018. 
133 words

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.

Egypt is seeking to buy 20 cargoes of LNG from October to December as the summer imports continue into the winter season, according to Bloomberg sources.

  • State-owned Egyptian General Petroleum Corporation issued a tender for 17 cargoes for delivery to the floating import terminal at Ain Sukhna and a further three cargoes delivered into Aqaba, Jordan.
  • Egypt has purchased over 20 cargoes to date through Q3. 80% of Egypt’s LNG imports so far have come from the US.
  • The first LNG imports towards the winter season since 2018 is driven by rapidly declining gas production in Egypt and after an unusually hot summer. Gas output from the Zohr field in the Mediterranean is down by about a third since 2019.
  • LNG imports from the previous exporter have this year risen to the highest level since 2018.