The Oil Ministry will has picked its LNG suppliers for 1Q2018, Oil Minister Tarek El Molla said, according to Reuters. Spain’s Gas Natural Fenosa to deliver five LNG cargoes, Switzerland-based trader Trafigura will deliver three, Vitol three, and Glencore one. The report confirms earlier speculation of the awards. Egypt imports 2.1 mn tonnes of fuel a month for about USD 800 mn, 32-25% of its needs, sources tell Youm7. Average local consumption of petrol, diesel, and natural gas rounds off to c. 6.8 tonnes a month, whereas production stands at around 4.7 mn tonnes, they add.

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