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Tag: Vitol

Egypt awards six LNG cargoes to Swiss traders via competitive tender

Posted: June 22, 2018 at 1:14 pm   /   Oil & Gas

Egyptian Natural Gas Holding Co. (EGAS) has awarded six of the nine LNG cargoes it has put out to tender to Swiss traders Trafigura, Vitol, and Gunvor, Reuters reported on Wednesday. Trafigura will supply three cargoes, while Gunvor will provide two and Vitol one, with the shipments all likely to be priced above $11/MMBtu. Egypt […]

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Egypt to award 12-cargo LNG tender to Gas Natural Fenosa, Trafigura, Vitol, Glencore

Posted: November 7, 2017 at 1:03 pm   /   Oil & Gas

Egypt is expected to award its 12-cargo liquefied natural gas (LNG) tender to Spain’s Gas Natural Fenosa and three Swiss-based trading houses for supplies in the first quarter of 2018, trade sources said. The final allocation may change but traders currently expect Egyptian Natural Gas Holding (EGAS) to award the Spanish gas company five shipments, […]

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Third-party traders: Qatar turns down new LNG deals with Egypt

Posted: July 27, 2017 at 1:38 pm   /   Oil & Gas

Qatar has turned down several requests by third-party traders to make fresh liquefied natural gas (LNG) supplies available to Egypt, raising concerns that a diplomatic row between the countries may curb regional energy trade, sources said. Top LNG producer Qatar supplies around 60 percent of Egypt’s LNG but relations suffered after Saudi Arabia, the United […]

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Glencore comes out top as Egypt awards mega LNG tender followed by Trafigura

Posted: November 29, 2016 at 7:15 pm   /   Oil & Gas

•  EGAS awards mega tender, taking mainly 2017 cargoes. •  Glencore emerges as top supplier, followed by Trafigura. •  Jan-Mar 2017 cargoes priced at about 15 percent to crude. •  Remainder of 2017 cargoes priced lower as fundamentals expected to weaken. Egypt will import around 60 cargoes of liquefied natural gas (LNG) next year and […]

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Wall Street Journal: Egypt presses oil companies for more time to pay for fuel

Posted: October 16, 2016 at 1:01 pm   /   Oil & Gas

The Wall Street Journal reports that EGPC called a meeting on Wednesday to ask energy suppliers to give it six months instead of the usual three to pay for LNG, crude and petroleum product orders now in the pipeline. The Journal says its unnamed source did not specify which suppliers attended the meeting; the paper […]

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