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Oil & Gas

EGAS to defer 45 LNG shipments to next fiscal year

Posted: July 18, 2016 at 10:14 pm   /   by   /   comments (0)

EGASEGAS plans to defer the deliveries of over 45 LNG shipments signed with companies and nations including Oman and Russia to the 2017-18 fiscal year. EGAS is targeting importing 110-120 shipments of LNG in the 2017-18 fiscal year and has begun drawing up a timetable for the shipments, according to an EGAS sources.

The source does not provide an explanation as to why that is. A three-year supply agreement with Gaz de France (GDF) for 12 shipments of LNG will also be moved to next fiscal year, the source adds. Al Shorouk quotes former EGAS head Khaled Abdel Badei as saying that the Egypt’s bill for LNG shipments for the 2016-17 fiscal year will amount to USD 3 bn.

(Source: Enterprise.press)

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