More LNG Vessels Skip Egypt Loading

The LNG vessel Minerva Limnos has diverted to the US after it was initially due to arrive in Egypt according to Bloomberg ship-tracking data, just after last week a vessel diverted from Egypt to Algeria.

• The vessel was initially scheduled to arrive at the Idku terminal on 25 October.
• The Seapeak Catalunya vessel last week was scheduled to load LNG at Idku but the vessel did not load or only picked up limited volumes and has headed to Algeria instead, ICIS ship tracking data showed.
• BNEF data showed, Egypt loaded no cargo last week.
• Goldman Sachs said in a note that Egyptian LNG exports ae below the seasonal average and are clearly showing signs to be impacted by the conflict in Israel, that led to a reduction in Israeli gas pipeline flows to Egypt.