1 day ago · Egypt has signed deals worth around $3 billion with Shell and TotalEnergies to secure 60 cargoes of liquefied natural gas (LNG) to cover demand for 2025, three trading sources told Reuters.

Egyptian LNG is Egypt’s largest liquefied natural gas joint venture comprising of both local shareholders, such as the Egyptian General Petroleum Corporation (“EGPC”), Egyptian Natural Gas Holding Company (“EGAS”) and foreign shareholders, such as Shell Group plc (previously BG), PETRONAS and TotalEnergies S.E (previously ENGIE), all ...

1 day ago · Investing.com -- Egypt has successfully secured 60 cargoes of liquefied natural gas (LNG) for the year 2025. The deals were signed with energy giants Shell (LSE:LON: SHEL) and TotalEnergies (PA:EPA: TTEF), according a Thursday report by Reuters. The move is aimed at covering the country's LNG demand for the year 2025.

1 day ago · Investing.com -- Egypt has successfully secured 60 cargoes of liquefied natural gas (LNG) for the year 2025. The deals were signed with energy giants Shell (LSE:LON: SHEL) and TotalEnergies (PA ...

4 days ago · Arab Finance: Egypt has signed contracts with Dutch Shell and French Total to purchase 60 shipments of liquefied natural gas (LNG) in 2025, valued at approximately $3 billion, an unnamed government source told Asharq Business. Each shipment has a one-year grace period for payment from the delivery date. The agreement includes the supply of around five shipments per month, with each shipment ...

Sep 13, 2024 · Egypt has bought 20 cargoes of liquefied natural gas (LNG) via the first tender issued to cover its winter demand since 2018, securing full volumes it was seeking at smaller than expected...

Nov 20, 2024 · Egypt is in talks with U.S. and other foreign companies to purchase long-term volumes of liquefied natural gas (LNG) as it seeks to cut its reliance on more costly spot market purchases to...

Nov 21, 2024 · Egypt is holding talks with global energy companies about securing long-term liquefied natural gas (LNG) supply contracts to meet growing power demands. “The ministry (of Petroleum) is seeking three or four years of supply to hedge from sudden price increases,” an unnamed source told Reuters.

Jul 5, 2024 · Egypt contracted for 20 LNG cargoes in June as an emergency contingency, making its biggest purchase of LNG in years. Despite a severe debt crisis and shortage of foreign currency, the government has allocated nearly $1.2 billion for energy needs, prime minister Mostafa Madbouly said in June .

Sep 21, 2021 · Egypt is currently the fastest-growing Arab exporter of liquefied natural gas (LNG), according to a report released by the Organization of Arab Petroleum Exporting Countries on Aug. 16. The report showed that Egypt exported around 1.4 million tons of LNG in the second quarter of 2021, having not exported any LNG during the same period in 2020.