{"id":659931,"date":"2025-02-04T00:00:00","date_gmt":"2025-02-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/04\/govt-locks-in-60-lng-shipments-for-2025\/"},"modified":"2025-02-04T00:00:00","modified_gmt":"2025-02-04T00:00:00","slug":"govt-locks-in-60-lng-shipments-for-2025","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/04\/govt-locks-in-60-lng-shipments-for-2025\/","title":{"rendered":"Gov\u2019t locks in 60 LNG shipments for 2025"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>USD 3 bn worth of LNG shipments locked in for 2025:<\/strong> Egypt has reportedly signed agreements with Shell and TotalEnergies to purchase a total of 60 LNG shipments in 2025 for around USD 3 bn, an unnamed government official told <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/power\/69098\/%D9%85%D8%B5%D8%B1-%D8%AA%D8%B3%D8%AA%D9%88%D8%B1%D8%AF-60-%D8%B4%D8%AD%D9%86%D8%A9-%D8%BA%D8%A7%D8%B2-%D9%85%D8%B3%D8%A7%D9%84-%D8%A8-3-%D9%85%D9%84%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%81%D9%8A-2025\/?utm_source=facebook&utm_medium=social&utm_campaign=asharq_business_egy_fb\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The agreement entails supplying around five shipments per month, each carrying between 160-165k cubic meters of LNG \u2014 equivalent to approximately 500 mn cubic feet of gas per day for local consumption over a one-week period, the source added. The contracts were signed in December and came into effect in early January, with each shipment valued at around USD 50 mn. The agreements include a one-year deferred payment period from the date of each shipment\u2019s delivery, according to the source.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> A senior government source told EnterpriseAM in December that the Oil Ministry wants to see local production rise to the point that the government will only need to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c44b061e-3fcc-4212-b65a-c76f40613dcf\/oil-ministry-wants-to-see-gas-production-rise-by-400-500-mn-cubic-feet-per-day-by-march\" style=\"\" rel=\"noopener\">import four shipments monthly<\/a>, setting a target for domestic production to increase by up to 500 mcf\/d by March. Egypt currently produces 4.3 bcf\/d, alongside 900 mcf\/d of imported gas, our source said, against demand of more than 6 bcf\/d.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>No one seems to agree when Egypt will stop importing LNG and regain its title as a net <\/strong><strong>LNG exporter<\/strong>, with the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4307d00b-cc8a-4060-9d0e-ad5c40ceaca6\/\" style=\"\" rel=\"noopener\">more pessimistic<\/a> pencilling in 2029 and the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/78c8a4d7-ad9d-4a02-8929-44317e982f1d\/morgan-stanley%25e2%2580%2599s-key-takeaways-on-egypt%25e2%2580%2599s-economic-outlook\" style=\"\" rel=\"noopener\">more optimistic<\/a> seeing LNG deliveries ending by 2026 or 2027.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>One encouraging sign is a resurgence of LNG re-export agreements:<\/strong> The Madbouly government <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/720d2c0d-c292-41df-bd2a-256539fcd86a\/egypt-could-sign-agreements-to-liquefy-cypriot-gas-as-early-as-next-month\" style=\"\" rel=\"noopener\">is expected to ink agreements<\/a> this month with France\u2019s TotalEnergies and Italy\u2019s Eni to transport Cypriot gas to Egypt to be liquefied and exported. This follows earlier news from the Oil Ministry that TotalEnergies wanted to supply gas from its fields in Cyprus to Egypt for liquefaction and re-export as LNG or to be fed directly into the grid.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The agreements include five shipments a month, each worth some USD 50 mn<\/p>\n","protected":false},"author":1,"featured_media":659932,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[93,72,91,594,1990],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-659931","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-energy","tag-enterpriseam","tag-oil-and-gas","tag-shell","tag-totalenergies","wpautop","entry"],"acf":{"mongo_id":"b6cc14f3-a238-49d1-8930-c3686b0f9087","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/483.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt locks in 60 LNG shipments worth USD 3 bn for 2025","related_issue":[659921],"teaser":"The agreements include five shipments a month, each worth some USD 50 mn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.c2191940-d061-478d-b732-3f98eb2c6a65.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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Today we have a packed issue for you, with all the latest with the government\u2019s new pricing and payment terms for summer LNG shipments, the state of Turkish investment in Egyptian manufacturing, and a deep dive into the nature of awkwardness.THE BIG\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/3\/630.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575248,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/07\/shell-total-to-export-30-natgas-shipments-from-egypts-idku-in-2021\/","url_meta":{"origin":659931,"position":1},"title":"Shell, Total to export 30 natgas shipments from Egypt\u2019s Idku in 2021","author":"enterpriseam admin","date":"7 October 2020","format":false,"excerpt":"Shell and Total will export 30 shipments of natural gas from the Idku liquefaction plant in 2021, Youm7 reports, citing Oil Ministry sources. Each shipment will average 150k cbm, potentially bringing the total exported by the two companies to 4.5 mn cbm. Egypt\u2019s natural gas exports more than doubled to\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":553445,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/05\/egypts-lng-exports-are-maxed-out\/","url_meta":{"origin":659931,"position":2},"title":"Egypt\u2019s LNG exports are maxed out","author":"enterpriseam admin","date":"5 December 2021","format":false,"excerpt":"Egypt\u2019s LNG terminals are running at full capacity as the country tries to capitalize on the surge in natural gas prices overseas, Oil Minister Tarek El Molla told Reuters on Thursday. The country is currently exporting the equivalent of around 1.6 bn cubic feet per day (bcf\/d), helped by the\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/219.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":665814,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/25\/negotiations-underway-for-60-lng-summer-shipments-for-up-to-usd-2-5-bn\/","url_meta":{"origin":659931,"position":3},"title":"Negotiations underway for 60 LNG summer shipments for up to USD 2.5 bn","author":"enterpriseam admin","date":"25 May 2025","format":false,"excerpt":"The shipments will help make up for a dip in Israeli gas flows expected to continue till August","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1102.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":619067,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/24\/shell-totalenergies-eye-ruwais-stake\/","url_meta":{"origin":659931,"position":4},"title":"Shell, TotalEnergies eye Ruwais stake","author":"enterpriseam admin","date":"24 April 2024","format":false,"excerpt":"Japanese trading firm Mitsui is also mulling a stake","rel":"","context":"In &quot;PLANET FINANCE&quot;","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1649.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":669232,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/30\/govt-locks-in-lng-supply-through-2026-plans-to-boost-domestic-production-for-export\/","url_meta":{"origin":659931,"position":5},"title":"Gov\u2019t locks-in LNG supply through 2026, plans to boost domestic production for export","author":"enterpriseam admin","date":"30 July 2025","format":false,"excerpt":"Plans to secure a fifth regasification unit are underway to accommodate the incoming shipments","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/3\/669.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/659931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=659931"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/659931\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/659921"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/659932"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=659931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=659931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=659931"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=659931"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=659931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}