Egypt’s gas surplus appears to have been short-lived. Just three years after restarting LNG exports following a four-year period when it was reliant on imports of the super-cooled fuel, Cairo has again slammed on the brakes.
State firm Egas has told Anglo-Dutch major Shell and Malaysia’s Petronas, operators of the 7.2mn t/y ELNG export terminal at Idku that no more gas, beyond already committed volumes, will be made available for export. Italy’s Eni, operator of the 5mn t/y Segas facility at Damietta – which only restarted in February after a nine year outage (MEES, 26 February) – has been told it will only receive gas supplies until the end of the year. (CONTINUED - 1297 WORDS)