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Oil & Gas

Egypt pens deals to import up to 45 LNG cargoes

Posted: February 4, 2017 at 7:55 pm   /   by   /   comments (0)

lngThe Egyptian Natural Gas Holding Company (EGAS) has reportedly secured between 43 and 45 LNG cargoes for delivery from March until the end of the year.

The company signed agreements to import the cargoes from Oman, Russia and France Reuters reports, citing Mohamed al-Masry, the head of EGAS.

It was reported last year that EGAS plans on spending around US$2.2 billion for LNG to be imported in 2017.

EGAS secured 60 cargoes for delivery in 2017 and 2018 through what was claimed to be the largest mid-term tender ever issued in which the company looked for 96 cargo to be delivered. Out of the 60 cargoes, only six have been set for delivery in 2018.

With the additional 43-46 LNG cargoes secured under the new deal, EGAS has now booked close to 100 LNG deliveries in 2017.

(Source: LNG World News)

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