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Gov’t lines up 40 LNG cargoes to cover summer demand

The Madbouly government is lining up 40 LNG cargoes for May and June to cover increased power consumption during the summer months, a senior government official tells EnterpriseAM. Officials expect demand to rise as much as 6-7% year-on-year starting in June. Monthly consumption sits in the 15-20 cargo range, our source tells us. Four additional…