Egypt’s Growing LNG Imports Could Reshape Global Markets

Egypt’s Growing LNG Imports Could Reshape Global Markets

Egypt continues to scramble to meet its gas demand and seeks higher purchases of LNG in the next three years than previously planned, sources with knowledge of the matter have told Bloomberg.  Egypt turned from a net LNG exporter to a net LNG importer at the end of 2024 as the country imported last year the highest number of LNG cargoes in years as it looked to ease the strain on its grid and industry amid energy shortages that led to rolling bl…

Egypt Plans More LNG Deals, Driving Global Competition for Fuel

(Bloomberg) — Egypt is poised to boost liquefied natural gas purchases until the end of the decade, tightening the global market and raising the prospect of yet-higher import bills.

Egypt LNG imports to surge as local demand soars

Imports expected to exceed target Deepening energy challenges LNG shortfall burdens liquidity Egypt is reportedly planning to increase liquefied natural gas (LNG) imports by the end of the decade as local output lags rising demand. Import volumes are expected to exceed the target set through 2028, despite the addition of new floating LNG import terminals and a possible long-term deal with Qatar, Bloomberg reported. The plan suggests deepening en…