Egypt’s stretched gas supplies and growing gas deficit have swung heavily into focus in recent weeks, with Cairo moving quickly to secure both long-term and short-term LNG to offset an expected drop in Israeli pipeline supplies and a structural decline in Egyptian production (MEES, 21 May).
Egypt imported four cargoes (280,000 tons) of LNG during the first three weeks of May, according to Kpler, but MEES understands that number could double by the end of the month as Cairo could import a further four cargoes over the next seven days. (CONTINUED - 886 WORDS)
