Egypt’s liquefied natural gas (LNG) imports from the US declined to approximately 300,000 metric tons (mt) in May, nearly half its typical monthly intake of around 600,000 mt, Reuters reported, citing maintenance work at major US ports.
In April, the Board of Directors of the Export-Import Bank of the United States (EXIM) authorized more than $2 billion in export credit insurance to support US LNG exports to Egypt. The financing is expected to facilitate LNG shipments during 2026 and 2027 under agreements between the Egyptian General Petroleum Corporation (EGPC) and Hartree Partners, a US-based energy and commodities trading company. According to EXIM, the initiative aims to expand US energy exports while enhancing Egypt’s access to reliable LNG supplies.
The lower import volumes coincided with a decline in overall US LNG exports, which fell to 10.2 million mt in May, the lowest monthly level recorded this year, excluding February, said Reuters.
Planned maintenance activities largely drove the decrease at several US LNG export terminals. Operators conducted seasonal spring maintenance that had been deferred earlier in the year to capitalize on strong market demand.
