Official Ministry of Petroleum Source denies Egypt imports LNG from Qatar

LNGAn official source from the Ministry of Petroleum has said that Egypt has never directly imported natural gas from Qatar, except under former president Mohamed Morsi’s rule.

The source denied rumors that Qatar suspended shipments of liquefied natural gas (LNG) to Egypt following political tension between the two countries.

“Egypt imports gas shipments from global tenders and then contracts with international suppliers, regardless of their nationality,” said the source.

Egypt’s Gas Holding Company EGAS has concluded the 2017 contracts for all LNG shipments, according to the source.

Egypt’s plan to increase local gas production has reduced the number of imported LNG shipments to about 10 per month. The country used to import 14 shipments per month, the source said, adding that Egypt plans to achieve self-sufficiency of natural gas by 2018.

According to Reuters, Qatar has turned down several requests by third-party traders to make fresh LNG supplies available to Egypt, raising concerns that a diplomatic row between the countries may curb regional energy trade.

(Source: Egypt Independent)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s