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Egypt Locks In Landmark LNG Import Deals With Aramco_ Shell_ and Trafigura
- Egypt secured agreements to import up to 290 LNG cargoes starting next month to stabilize power supply during peak demand periods.
- The deals follow a shift from Egypt being a net LNG exporter last year to a major importer due to declining domestic gas production and rising demand.
- Key suppliers include Saudi Aramco, Shell, Trafigura, Vitol, Hartree Partners, BGN, SOCAR, and PetroChina, with procurement aimed at avoiding load shedding.
- Egypt's monthly summer energy bill is expected to rise from $2 billion last year to about $3 billion starting July, reflecting high import costs exceeding $8 billion.
- Egypt is enhancing infrastructure by converting a gas carrier into a floating regasification unit at Sumed Port, aiming to boost import flexibility and support the regional energy hub strategy.
13 Articles
13 Articles
Egypt agrees to buy up to 160 LNG cargoes through 2026, say sources
Egypt has reached agreements with several energy firms and trading houses to buy 150 to 160 cargoes of liquefied natural gas, as it ramps up purchases to meet power demands despite strained government finances, industry sources said.
Egypt Locks In Landmark LNG Import Deals With Aramco, Shell, and Trafigura
Egypt has finalized a sweeping series of liquefied natural gas (LNG) supply agreements with Saudi Aramco, Shell Plc, Trafigura, and several other major traders, as the country’s struggles to shift back to long-term net exporter, rather than importer amid a deepening domestic supply crunch, according to a Bloomberg report. State-owned Egyptian Natural Gas Holding Co. (EGAS) secured as many as 290 LNG cargoes over the next two and a half years, st…
Egypt secures record LNG import deals to avert power crisis
Egypt secures record LNG import deals to avert power crisis June 13, 2025 Posted by: Quatro Strategies Categories: Africa, Oil & Gas No Comments Subscribe to unlock this insight. START YOUR TRIAL NOWALREADY A MEMBER? .vc_custom_1452662201783{margin-right: 0px !important;margin-bottom: 40px !important;margin-left: 0px !important;}.vc_custom_1533640275437{margin-bottom: 40px !import…
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