More Russian LNG for Egypt


Issue 304 - 10 Jul 2015 | 1 minute read

Rosneft has followed Gazprom by signing a large liquefied natural gas (LNG) import deal with Egypt outside the competitive tender process. Starting in Q4 2015, it will deliver 24 cargoes over two years. Egyptian Natural Gas Holding Company (Egas) has already contracted to purchase 35 cargoes from Gazprom over the next five years. The first LNG supply tender issued by Egas in January was for 70 cargoes for delivery to the Höegh floating terminal at Ain Sokhna. Trafigura committed to deliver 33, Vitol nine, and Noble Group seven. BP’s initial commitment of 21 cargoes was reduced to 16.

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