Oil & Gas

Two LNG importers agree to extend payment deadline

LNGTwo unnamed international LNG importers have reportedly agreed to extend the payment deadline for its shipments to five months from a current three, unnamed sources from EGAS tell Al Shorouk. Oil Minister Tarek El Molla had requested the delay at a meeting with LNG importers last week, the source added. EGAS is planning to import between 48 and 56 shipments next year. In the meantime, EGAS will issue a tender next month to import 48-56 shipments of LNG over the course of 2017 to cover domestic demand, an unnamed official tells Al Masry Al Youm.

(Source: Enterprise.press)


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