Egypt Keeps-Up LNG Import Momentum With 55-Cargo Award

Cairo has agreed deals with seven companies to import a further 55 liquefied natural gas (LNG) cargoes between now and end-2016. Some 45 cargoes were originally sought via tender.

The winning firms are: traders Trafigura, Vitol and Noble Group; France’s EDF trading; Spanish natural gas utility Gas Natural, Chinese state firm Petrochina and Anglo-Dutch major Shell. Of these seven firms, Shell is the only one with significant LNG production.

Egypt has now signed up to import a total of 167 cargoes, with the bulk slated to arrive by mid-2017. Trafigura, Vitol, Noble Group and Shell have all previously signed contracts to supply Egypt’s state gas firm EGAS with LNG (see table). (CONTINUED - 411 WORDS)

DATA INSIDE THIS ARTICLE

table Egypt Lng Import Deals