The Egyptian Natural Gas Holding Company (EGAS) arranged receiving five liquified natural gas (LNG) cargoes, which will arrive to Egypt during the second quarter of 2018, trade sources told Reuters.

French and Spanish corporations are among the suppliers, according to Reuters.

Egypt intends to stop importing liquified natural gas (LNG) by the end of fiscal year (FY) 2017/2018, Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, announced on Saturday, according to Reuters.

The decision comes as the country speeds up output at newly discovered natural gas fields, enabling it to save $250 million per month, the minister pointed out, according to CNBC.