Regional energy players could help us close the gas supply gap: A number of regional energy firms have put in offers to supply Egypt with LNG this year, a government source told EnterpriseAM confirming news first picked up by Asharq Business. Saudi Aramco, UAE’s Adnoc, Algeria’s Sonatrach, and QatarEnergy have submitted technical and financial offers to the Egyptian Natural Gas Holding Company (EGAS), Asharq’s source said, adding that EGAS is currently reviewing the offers.

Egypt is likely to continue importing LNG until 2030, a government source in the energy sector told EnterpriseAM. The contracts will likely cover a period of five years and offer favorable pricing and flexible payment terms, the source added.

We’re not bidding farewell to short-term contracts just yet: Heightened demand, price fluctuations, and geopolitical conditions mean the country will continue to depend on short- and medium-term contracts to secure gas needs, the source said.

We knew Qatari gas was on the table: Egypt has been mulling signing long-term contractswith Qatar to secure natural gas shipments for domestic consumption.

Another sign we’re looking at long-term reliance on natgas imports: EGAS inked a10-year agreement with global maritime energy infrastructure player Höegh Evi for an LNG regasification vessel last week.

Terms and conditions apply: Earlier this year, Asharq reported that Egypt has set a pricingand payment mechanism for securing LNG supply agreements for the summer months. EGAS sent the conditions to global LNG suppliers in a bid to secure direct contract offers instead of issuing public tenders — including a price cap, deferred payments, and overprice charges.

Egypt aims to import 155-160 shipments of LNG in 2025 to close the gap between demand and supply. Egypt needs around 6.2 bn cubic feet per day (bcf/d) — a figure that will likely go up to 7 bcf/d, according to Asharq — but domestic production only contributes 4.4 bcf/d.

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