The Board of Directors of the Export-Import Bank of the United States (EXIM) has authorized over $2 billion in export credit insurance to facilitate US liquefied natural gas (LNG) exports to Egypt, according to an EXIM press release. The authorization advances Trump Administration priorities to expand American energy exports, strengthen domestic supply chains, and reinforce US economic security, it noted.
This decision is set to facilitate LNG shipments scheduled throughout 2026 and 2027 under contracts between the Egyptian General Petroleum Corporation (EGPC) and the US-based Hartree Partners, which is a global energy and commodities trading firm, focusing mainly on physical and financial markets for oil, gas, and LNG. It will expand Egypt’s access to dependable American energy while deepening the commercial partnership between the two nations, according to the release.
EXIM’s chairman, John Jovanovicl said that “American energy is in demand, and American workers deserve to be the ones supplying it.” He added that this authorization puts US energy molecules to work in a critical market, stands behind American exporters who need a partner willing to compete, and deepens a strategic relationship that secures the US supply chains and opens new doors for its industry.
The United States is Egypt’s largest LNG supplier and also its leading energy sector investor, with inflows of $3.3 billion recorded in the Fiscal Year (FY) 2025/26.
EXIM offers financing, including export credit insurance, working capital guarantees, loan guarantees, and direct loans. As an independent agency, it has provided essential financing for landmark global initiatives.