Egypt LNG Exports Jump 44% in a Month: Platts

Egypt LNG Exports Jump 44% in a Month: Platts

Egypt’s liquefied natural gas (LNG) exports from the Idku liquefaction plant grew 44% in February 2019 compared to a month earlier, reaching 391.3 million cubic meters (mcm) of LNG, a report from Platts revealed.

The main country receiving Egyptian LNG in February was Turkey, the report said, pointing out that February exports level was the highest in Egypt since 2013.

The LNG was exported through four cargoes. Turkey was the leading destination for two cargoes, while France and Singapore had one cargo each.

Egypt is expected to boost its LNG exports to over 810 mcm by the end of 2019 due to the production levels of Zohr natural gas field and West Nile Delta fields, the report showed.

“Recently, production growth from these projects have brought Egypt into a notable gas surplus, in turn allowing the Idku LNG export facility to ramp up from marginal utilization to around 35% utilization in Q4,” the report said.

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Sarah Samir 3706 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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