Egypt to Issue LNG Cargoes Tender

Egypt to Issue LNG Cargoes Tender

Egypt is set to issue a tender seeking 10 LNG cargoes to be delivered in July and August, according to LNG World News.

Reuters has additionally reported that an official at the Egyptian Natural Gas Holding Company (EGAS) said that this will be done either through direct contracts or through further international tenders.

The EGAS official was further cited as saying that Egypt will also consider importing an additional batch of 10 cargoes of LNG once the first tender is complete.

Egypt heavily relies on LNG to generate electricity and to meet the energy needs of its 91m citizens. Egypt’s Oil Minister, Tarek El Molla, was previously reported foreseeing an increase in Egypt’s natural gas production to an average between 5.5bcf/d and 6bcf/d by the end of 2019.


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