The Egyptian Natural Gas Holding Company (EGAS) has cancelled its bid round regarding its three liquefied natural gas (LNG) cargoes, according to two market officials, Reuters reported.

The two sources added that the cancellation was due to the low value of the offers.

The cargoes were planned to be shipped throughout September 9 – 11 and 24 – 26, in addition to September 30 and October 2, as Free on Board (FoB) shipping.