Egypt to Launch LNG Tender in Q2 2018

Egypt to Launch LNG Tender in Q2 2018

Egypt is preparing to launch a tender for purchasing cargoes of liquefied natural gas (LNG) in the second quarter (Q2) of 2018, to be received during the third quarter of 2018, an official at the Egyptian Natural Gas Holding Company (EGAS) told Reuters.

The source didn’t disclose any information about the number of cargoes.

EGAS had arranged importing three LNG shipments from France’s Engie, to be delivered during Q2 2018, Reuters had previously reported.

The transaction was arranged in bilateral deals through a standard tender process, according to LNG World News.

EGAS arranged the shipment of five LNG cargoes in January 2018 which will arrive in Egypt during Q2 2018, trade sources told Reuters. French and Spanish corporations are among the suppliers.

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Sarah Samir 3516 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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