{"id":618972,"date":"2024-04-23T00:00:00","date_gmt":"2024-04-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/23\/egypt-wants-to-import-three-shipments-of-lng-a-month-during-the-summer\/"},"modified":"2024-04-23T00:00:00","modified_gmt":"2024-04-23T00:00:00","slug":"egypt-wants-to-import-three-shipments-of-lng-a-month-during-the-summer","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/23\/egypt-wants-to-import-three-shipments-of-lng-a-month-during-the-summer\/","title":{"rendered":"Egypt wants to import three shipments of LNG a month during the summer"},"content":{"rendered":"

Egypt could spend up to USD 120 mn a month on LNG shipments this summer <\/strong>to support domestic demand as rising temperatures strain supplies with the Madbouly government planning to import three LNG shipments a month between July and October, an anonymous Electricity Ministry official told Asharq Business<\/a>. A separate story from Reuters reports that the country is expected to import up to 20 shipments during spring and summer, citing three unnamed industry and trading sources.<\/span><\/p>\n

The details:<\/strong> \u201cEach LNG shipment amounts to 3 tn British thermal units, which provides on average 100 mn cubic feet of natural gas per day to power stations for ten days,\u201d the source said.<\/p>\n

ICYMI: <\/strong>Planned power outages returned last week following Ramadan and the Eid Al Fitr break, with the lights going out for two hours a day in some areas of the country. <\/p>\n

Two shipments already secured:<\/strong> The government has purchased at least two shipments ofLNG due to be delivered next month, an Oil Ministry source previously told Enterprise<\/a>. The shipments will be regasified at a floating unit in Jordan\u2019s Aqaba under an agreement between the two sides.<\/p>\n

And we could have our own regasification unit again soon: <\/strong>The government is currently in talks to lease a floating regasification unit from Norway\u2019s BW Energy for five years, unconfirmed media reports<\/a> said last week.<\/p>\n

Remember: <\/strong>The Oil Ministry is reportedly stopping<\/a> all LNG exports to European markets starting from next month on the back of increased domestic demand coupled with a downturn in domestic production.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt needs some 105 mn cubic meters of natural gas daily and 10k tons of mazut in order to meet domestic electricity demand<\/p>\n","protected":false},"author":1,"featured_media":618973,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[244,93,72,91],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-618972","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-electricity","tag-energy","tag-enterpriseam","tag-oil-and-gas","wpautop","entry"],"acf":{"mongo_id":"4dee55b2-9d00-4dd3-ac1f-7da2d203a76d","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/1536.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt wants to import three shipments of LNG a month during the summer","related_issue":[618965],"teaser":"Egypt needs some 105 mn cubic meters of natural gas daily and 10k tons of mazut in order to meet domestic electricity demand","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.872b3ee1-5ad0-40b0-b1ab-70a00214911c.mp3"},"yoast_head":"\nEgypt wants to import three shipments of LNG a month during the summer - 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