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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.
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Free AccessRecord Egyptian Power Demand Highlights LNG Needs
High temperatures in Egypt saw its power demand rise to its highest in history at 3500 megawatts on Thursday according to Attaqa, highlighting its need for extra LNG cargoes this year to avoid power cuts and shortages.
- Egypt has fully awarded 20 cargoes of LNG for summer delivery, according to Reuters sources this week, after three more cargoes were added to an initial tender for 17 cargoes.
- The tender will leave Egypt a net importer of LNG in 2024. Typically, the Arab nation is a net exporter.
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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.