Egypt is currently in talks with U.S. and other foreign companies to purchase long-term volumes of liquefied natural gas (LNG) instead of relying on the more costly spot market, according to an exclusive Reuters report, as the country’s gas production continues to decline. "The ministry (of Petroleum) is seeking three or four years of supply to hedge from sudden price increases. It is also seeking to include a flexibility clause as the governmen…

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Egypt Seeking Long-Term LNG Deals With U.S. Companies

(Oil Price) – Egypt is currently in talks with U.S. and other foreign companies to purchase long-term volumes of liquefied natural gas (LNG) instead of relying on the more costly spot market, according to an exclusive Reuters report, as the country’s gas production continues to decline.  “The ministry (of Petroleum) is seeking three or four years of supply to hedge from sudden price increases. It is also seeking to include a flexibility clause as

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Egypt seeking long-term LNG deals with U.S. companies – Oil & Gas 360

CAIRO/LONDON (Reuters) - Egypt is in talks with U.S. and other foreign companies to buy liquefied natural gas (LNG) through long-term deals as it seeks to avoid the more expensive spot market to meet energy demand, three sources said. Egypt has returned to being a net importer of natural gas, buying dozens of cargoes this year […]

القاهرة/لندن – رويترز: قالت ثلاثة مصادر إن مصر تُجري محادثات مع شركات أمريكية وشركات أجنبية أخرى لشراء كميات من الغاز الطبيعي المُسال عبر اتفاقيات طويلة الأجل في إطار سعيها إلى تجنب الشراء من السوق الفورية الأكثر تكلفة لتلبية الطلب على الطاقة. عادت مصر إلى وضع المستورد الصافي للغاز الطبيعي، إذ اشترت عشرات الشحنات خلال العام […]

مصر تجري محادثات مع شركات أجنبية لشراء كميات من الغاز المُسال بموجب اتفاقات طويلة الأجل

القدس العربي

Egypt in talks with foreign companies to buy LNG under long-term deals

Cairo is in talks mainly with U.S. companies and portfolio players who have U.S. offtake

Zawya

Egypt in talks with foreign companies over long-term LNG deal, sources say

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Egypt is currently in talks with U.S. and other foreign companies to purchase long-term volumes of liquefied natural gas (LNG) instead of relying on the more costly spot market, according to an exclusive Reuters report, as the country’s gas production continues to decline.“The ministry (of Petroleum) is seeking three or four years of supply to […]

Independent Newspapers Nigeria

Egypt Seeking Long-Term LNG Deals With U.S. Companies – Independent Newspaper Nigeria

Low-emission fuels bring a unique opportunity to meet environmental standards and optimize costs at the same time

Nízkoemisné palivá prinášajú unikátnu príležitosť splniť environmentálne štandardy a zároveň optimalizovať náklady

Firmy môžu znížiť náklady na ESG využitím LNG a bioLNG a získať čas na zásadné zmeny

trend.sk

Companies can reduce ESG costs by using LNG and bioLNG and buy time for fundamental changes

Egypt is holding talks with global energy companies about securing long-term liquefied natural gas (LNG) supply contracts to meet growing power demands. “The ministry (of Petroleum) is seeking three or four years of supply to hedge from sudden price increases,” an unnamed source told Reuters. The country, which recently became a net importer of LNG, has purchased dozens of cargoes this year, driven by reduced production from the Zohr gas field. …

AGBI

Egypt seeks long-term LNG deals as energy demand soars

Cairo is focusing on securing additional supply from US LNG producers. [Image: Ain Sokhna Industrial Zone]

Egypt Seeking Long-Term LNG Deals With U.S. Companies

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