Egypt to Import LNG With an Eye on Self-Sufficiency in 2018

7 Feb 2017   Egypt

Egypt plans to import as many as 108 cargoes of liquefied natural gas this year as the country prepares to start producing at two gas fields and move closer to its goal of self-sufficiency and even exports by 2019. The North African nation will import 100 to 108 LNG shipments this year, including 43 to 45 cargoes in government-to-government contracts from Oman, Russia’s Rosneft PJSC and France’s Engie SA , according to a person familiar with the matter. The remaining imports will be arranged through a tender to be announced in November, said the person, who asked not to be identified because the information isn’t public. Imports may be reduced in 2018 as BP Plc’s North Alexandria concession works to start gas production in April and Eni SpA ’s giant Zohr field plans to produce by the end of the year, the person said. BP bought a 10 percent […]

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