{"id":665474,"date":"2025-05-19T00:00:00","date_gmt":"2025-05-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/19\/regional-energy-players-put-in-offers-to-supply-us-with-lng\/"},"modified":"2025-05-19T00:00:00","modified_gmt":"2025-05-19T00:00:00","slug":"regional-energy-players-put-in-offers-to-supply-us-with-lng","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/19\/regional-energy-players-put-in-offers-to-supply-us-with-lng\/","title":{"rendered":"Regional energy players put in offers to supply us with LNG"},"content":{"rendered":"

Regional energy players could help us close the gas supply gap:<\/strong> A number of regional energy firms have put in offers to supply Egypt with LNG this year, a government source told EnterpriseAM confirming news first picked up by Asharq Business<\/a>. Saudi Aramco, UAE\u2019s Adnoc, Algeria\u2019s Sonatrach, and QatarEnergy have submitted technical and financial offers to the Egyptian Natural Gas Holding Company (EGAS), Asharq\u2019s source said, adding that EGAS is currently reviewing the offers. <\/p>\n

Egypt is likely to continue importing LNG until 2030<\/strong>, a government source in the energy sector told EnterpriseAM. The contracts will likely cover a period of five years and offer favorable pricing and flexible payment terms, the source added. <\/p>\n

We\u2019re not bidding farewell to short-term contracts just yet:<\/strong> Heightened demand, price fluctuations, and geopolitical conditions mean the country will continue to depend on short- and medium-term contracts to secure gas needs, the source said. <\/p>\n

We knew Qatari gas was on the table: <\/strong>Egypt has been mulling signing long-term contracts<\/a>with Qatar<\/a> to secure natural gas shipments for domestic consumption.<\/p>\n

Another sign we\u2019re looking at long-term reliance on natgas imports:<\/strong> EGAS inked a<\/a>10-year agreement<\/a> with global maritime energy infrastructure player H\u00f6egh Evi for an LNG regasification vessel last week. <\/p>\n

Terms and conditions apply: <\/strong>Earlier this year, Asharq reported that Egypt has set a pricing<\/a>and payment mechanism<\/a> for securing LNG supply agreements for the summer months. EGAS sent the conditions to global LNG suppliers in a bid to secure direct contract offers instead of issuing public tenders \u2014 including a price cap, deferred payments, and overprice charges.<\/p>\n

Egypt aims to import 155-160 shipments of LNG in 2025<\/strong> to close the gap between demand and supply. Egypt needs around 6.2 bn cubic feet per day (bcf\/d) \u2014 a figure that will likely go up to 7 bcf\/d, according to Asharq \u2014 but domestic production only contributes 4.4 bcf\/d.<\/p>\n","protected":false},"excerpt":{"rendered":"

Saudi Aramco, UAE\u2019s Adnoc, Algeria\u2019s Sonatrach, and QatarEnergy have submitted offers to EGAS<\/p>\n","protected":false},"author":1,"featured_media":0,"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],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-665474","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","tag-oil-and-gas","wpautop","entry"],"acf":{"mongo_id":"399ce2d9-fc22-4552-8a59-c02fa8d74545","order":"8","is_powered_by":false,"story_type":"1","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"Regional energy players put in offers to supply Egypt with LNG","related_issue":[665461],"teaser":"Saudi Aramco, UAE\u2019s Adnoc, Algeria\u2019s Sonatrach, and QatarEnergy have submitted offers to EGAS","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.a7480842-8423-4161-84b1-36de547af62d.mp3"},"yoast_head":"\nRegional energy players put in offers to supply us with LNG - 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