Egypt’s EGAS Completes Tender for 2 LNG Cargoes in April

Egypt’s EGAS Completes Tender for 2 LNG Cargoes in April

Egypt has purchased two liquefied natural gas (LNG) cargoes for April delivery from two international companies, EGAS Chairman, Khaled Abdel Badie, told Reuters, without specifying which two companies won the tender.

EGAS launched a tender earlier in March, open only to some of its existing suppliers, for the delivery of one cargo in the first week of April and another one in the last week of the same month, Ahram Online wrote.

Chairman Badie also said that two shipments, each for 170tcm, were successfully tendered for and EGAS was “in the final stage of contracting”.

Traders said that EGAS had so far failed to make purchases from suppliers, some of which were hesitant to arrange delivery on short notice.

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