Egypt’s net imports of liquefied natural gas (LNG) decreased by 4% year-on-year (YOY) in 2018, Egypt Oil & Gas reports.
Royal Dutch Shell said in its LNG Outlook 2019 that global demand for LNG will increase in the upcoming few decades. The company expects natural gas to have 41% total growth in the global energy demand until 2035.
The report indicates that global LNG trade grew by 10% in 2018, reaching 319 million tons due to the growing demands in Asia, especially in South Korea and China.
Egypt stopped LNG imports after receiving a final shipment in late September 2018. The country exported 40 billion cubic feet (bcf) of equivalent gas of LNG via ten shipments during fiscal year (FY) 2017/18, the Egyptian Natural Gas Holding company (EGAS) said in its 2018 annual report.