{"id":661251,"date":"2025-02-25T00:00:00","date_gmt":"2025-02-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/25\/govt-to-launch-fresh-lng-tender-for-summer-shipments\/"},"modified":"2025-02-25T00:00:00","modified_gmt":"2025-02-25T00:00:00","slug":"govt-to-launch-fresh-lng-tender-for-summer-shipments","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/25\/govt-to-launch-fresh-lng-tender-for-summer-shipments\/","title":{"rendered":"Gov\u2019t to launch fresh LNG tender for summer shipments"},"content":{"rendered":"

Good morni<\/strong>ng, friends. <\/strong>In today\u2019s issue we have the latest remittances figures, fresh investment news, and news of Electrolux deciding to stay in the Egyptian market. <\/p>\n

PSA- <\/p>\n

<\/a> Ramadan hours kick in next week: <\/strong>Banks will be open to clients from 9:30am to 1:30pm (9am to 2pm for staff) throughout Ramadan. Shops, restaurants, and caf\u00e9s will be allowed to stay open until 2am during Ramadan and Eid Al Fitr. Trains will also shift their schedule to better accommodate passengers during Ramadan \u2014 the National Railway Authority shared the updated timetable<\/a> yesterday. <\/p>\n

WEATHER- <\/strong>Brace for another cold day in Cairo, with a high of 16\u00b0C and a low of 9\u00b0C, according to our favorite weather app.<\/p>\n

It\u2019s just as cold in Alexandria<\/strong>, with a high of 16\u00b0C and a low of 10\u00b0C.<\/p>\n

Warmer days ahead: <\/strong>The Egyptian Meteorological Authority<\/a> sees temps rising 2-4 degrees starting Wednesday. <\/p>\n

** DID YOU KNOW that we now cover <\/strong>Saudi Arabia<\/a><\/strong> and the <\/strong>UAE<\/a><\/strong>?<\/strong><\/p>\n

** Were you forwarded this email?<\/strong> Tap or click here<\/a> to get your own copy delivered every weekday before 7am Cairo time \u2014 without charge.<\/p>\n

WATCH THIS SPACE- <\/p>\n

<\/a> Gov\u2019t to <\/strong>launch fresh LNG tender for summer shipments: <\/strong>The Egyptian General Petroleum Corporation is set to launch a tender in 2Q 2025 for additional LNG shipments on behalf of the Egyptian Natural Gas Holding Company, CNN Business Arabic<\/a> reports, citing an unnamed government official. The planned shipments, which are scheduled for 3Q 2025, aim to meet the heightened summer demand. <\/p>\n

ICYMI<\/strong>- <\/strong>Egypt reportedly signed agreements<\/a> with Shell and TotalEnergies in December to purchase a total of 60 LNG shipments in 2025 for around USD 3 bn. The agreements, which reportedly came into effect in early January, require the two companies to supply around five shipments per month.<\/p>\n

IN THE HOUSE- <\/p>\n

<\/a> House kicks off discussions of the redrafted Labor Law toda<\/strong>y:<\/strong> MPs will weigh in on the bill\u2019s general framework before diving into the details. The draft law, which aims to modernize labor regulations while balancing worker rights and business interests, has already received the green light from the Manpower Committee<\/a>.<\/p>\n

\u201cThe draft reflects a new vision that aligns with Egypt\u2019s economic realities,\u201d<\/strong> said Manpower Committee head Adel Abdel Fadil. He described it as a balanced framework that safeguards workers\u2019 rights while creating an attractive climate for investors. The bill addresses a range of workplace issues, from maternity leave and child labor to strikes, working hours, and wage regulations.<\/p>\n

ALS<\/strong>O- <\/strong>The House\u2019s Economic <\/strong>Committee will discuss two information requests <\/strong>regarding the procedures for transferring six ports currently under the authority of the Suez Canal Economic Zone to the Transport Ministry to bring all Egyptian ports under one authority, Al Mal<\/a> reports.<\/p>\n

FROM YESTERDAY\u2019S SESSION- <\/strong>MP<\/strong>s give the thumbs up <\/strong>to landmark Criminal Procedures Law:<\/strong> The House of Representatives approved the long-debated Criminal Procedures Law yesterday, concluding four months of extensive discussions on the 544-article legislation. The draft law \u2014 which lays out the framework for investigating, prosecuting, and trying criminal cases \u2014 now awaits a final vote from MPs in an upcoming session.<\/p>\n

A sweeping glance: <\/strong>The bill encompasses six chapters covering criminal prosecution, evidence collection, courts, appeals, enforcement, and international judicial cooperation.<\/p>\n

An expanded rulebook: <\/strong>The bill, which initially consisted of 540 articles<\/a>, recently gained four new articles during the review process. Two of these were proposed and approved in yesterday\u2019s session \u2014 one giving the Justice Minister authority to issue executive orders for implementing the law and another reducing death penalties when reconciliation is accepted by victims\u2019 families in accordance with shariah.<\/p>\n

HAPPENING TODAY- <\/p>\n

#1- Give your little ones the chance to stock trade: <\/strong>EFG Hermes has partnered with KidZania Cairo to introduce the first-ever stock trading experience in MENA region designed for children aged 8-14, according to a joint press release (pdf)<\/a>. The mock stock market will include 35 real companies and allow children to build up their trading portfolios, giving them a taste for investing and stock trading. Trading activities will take place in KidZania Cairo\u2019s new EFG Hermes branch. <\/p>\n

What they said: <\/strong>\u201cBy partnering with KidZania in Cairo \u2026 we are taking a meaningful step toward empowering the next generation with essential financial knowledge in an engaging and interactive manner. Educating children about money, how to manage it, and making it work for them from a young age is crucial for cultivating a new generation that is informed and empowered,\u201d EFG Holding Group Chief Marketing and Communications Officer May El Gammal said. <\/p>\n

#2- Everything you need to know about the CEMS Master in International Management:<\/strong> The AUC Onsi Sawiris School of Business and Newton Education Services are hosting a virtual information session<\/a> on the CEMS Master in International Management today from 7-8pm. The session will explore the program's structure, global network, interdisciplinary curriculum, and career opportunities with input from the program\u2019s Academic Director Marina Apaydin, as well as former and current students. Find the link to register<\/a> on the school\u2019s LinkedIn page. <\/p>\n

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Get Enterprise<\/b> daily <\/h4>\n<\/p><\/div>\n

The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n

Subscribe here<\/a> <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

THE BIG STORY ABROAD-<\/p>\n

It\u2019s shaping up to be a calm morning in international news<\/strong>, with the main focus on the Trump administration\u2019s shift away from traditional EU allies to warmer ties with Russia.<\/p>\n

US, EU not on the same page: <\/strong>US President Trump\u2019s meeting with France\u2019s Emmanuel Macron saw the two leaders interrupt each other a few times. Macron insisted Ukraine should be compensated<\/a> by Russia as the aggressor, and corrected Trump\u2019s statements<\/a> that Europe \u201cis loaning\u201d the money to Ukraine and will get it back. Meanwhile, Trump said Washington is close to snapping up a share of Kyiv\u2019s natural resources<\/a>, with Ukrainian President Volodymyr Zelensky visiting in a few days to sign the agreement.<\/p>\n

ALSO- <\/strong>Apple announced yesterday it will be investing USD 500 bn<\/a> in the US over the next four years, in a bid to mitigate the impact of tariffs on its supply chains. Trump confirmed that postponed tariffs on Canada and Mexico \u201cwill go forward\u201d<\/a> when the delay expires next week.<\/p>\n

MEANWHILE- <\/strong>The EU agreed to partially lift sanctions on Syria\u2019s energy sector, including oil exports and energy tech imports. (Bloomberg<\/a>)<\/p>\n

<\/p>\n

*** It\u2019s Going Green day \u2014 your weekly briefing of all things green in Egypt:<\/strong> Enterprise\u2019s green economy vertical focuses each Tuesday on the business of renewable energy and sustainable practices in Egypt, everything from solar and wind energy through to water, waste management, sustainable building practices and how you can make your business greener, whatever the sector.<\/p>\n

In today\u2019s issue: <\/strong>We take a look at some new data on Cairo\u2019s urban heat islands \u2014 and delve into the steps the government is taking to address rising urban temps.<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning, friends. In today\u2019s issue we have the latest remittances figures, fresh investment news, and news of Electrolux deciding to stay in the Egyptian market. PSA- Ramadan hours kick in next week: Banks will be open to clients from 9:30am to 1:30pm (9am to 2pm for staff) throughout Ramadan. Shops, restaurants, and caf\u00e9s will […]<\/p>\n","protected":false},"author":1,"featured_media":661252,"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":[7204],"tags":[72,91],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-661251","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-enterpriseam","tag-oil-and-gas","wpautop","entry"],"acf":{"mongo_id":"21e78855-97f9-48c2-a08f-cf71e3b6b04c","order":"2","is_powered_by":true,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/4\/1536.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Gov\u2019t to launch fresh LNG tender for summer shipments","related_issue":[661249],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.1dda9ecc-887a-4d86-b8bd-c865b98b4934.mp3"},"yoast_head":"\nGov\u2019t to launch fresh LNG tender for summer shipments - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/25\/govt-to-launch-fresh-lng-tender-for-summer-shipments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t to launch fresh LNG tender for summer shipments\" \/>\n<meta property=\"og:description\" content=\"Good morning, friends. 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But if you\u2019re looking for a little more excitement, there\u2019s no shortage of events and entertainment scheduled for\u2026","rel":"","context":"In "WHERE TO GO"","block_context":{"text":"WHERE TO GO","link":"https:\/\/enterpriseam.com\/egypt\/category\/where-to-go\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/414.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553717,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/07\/our-second-pandemic-ramadan\/","url_meta":{"origin":661251,"position":1},"title":"Our second pandemic Ramadan","author":"enterpriseam admin","date":"7 May 2021","format":false,"excerpt":"This year marks the second Ramadan to fall during the covid-19 pandemic, but (relatively) laxer restrictions this time around mean many are able to engage in some of the traditional gatherings and activities associated with the Ramadan. 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