Egypt is looking to lease an FSRU this summer in a bid to avoid painful power cuts. Even during the current demand off-season, Egypt is close to slipping into a gas deficit despite continued imports of around 1bn cfd from Israel.

LNG exports have fallen precipitously in recent months with just three cargoes exported in January, two in February, and just one set to load in March, according to data intelligence firm Kpler. (CONTINUED - 1309 WORDS)