{"id":666541,"date":"2025-06-10T00:00:00","date_gmt":"2025-06-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/10\/egypt-to-finalize-long-term-lng-agreements-with-global-suppliers-this-week\/"},"modified":"2025-06-10T00:00:00","modified_gmt":"2025-06-10T00:00:00","slug":"egypt-to-finalize-long-term-lng-agreements-with-global-suppliers-this-week","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/10\/egypt-to-finalize-long-term-lng-agreements-with-global-suppliers-this-week\/","title":{"rendered":"Egypt to finalize long-term LNG agreements with global suppliers this week"},"content":{"rendered":"

The Madbouly government is reportedly looking to finalize long-term LNG<\/strong> supply agreements with up to six companies this week<\/strong> for deliveries through June 2026, Bloomberg<\/a> reports, citing unnamed sources. The agreements would secure more than 160 shipments of LNG and could be followed by additional contracts covering 2027\u20132028 to reduce reliance on the spot market, which has been both volatile and often expensive, the sources said.<\/p>\n

The companies include<\/strong> Saudi Aramco, Trafigura Group, Vitol Group, Hartree Partners LP, and BGN, according to the sources.<\/p>\n

REMEMBER-<\/strong> The government is preparing for a surge in demand over the summer months by booking in LNG shipments \u2014 and the necessary infrastructure to process the deliveries \u2014 to close the gap between demand and supply. Adding pressure to keep the lights on \u2014 and for Egypt to potentially overprepare \u2014 are <\/a>repeated pledges<\/a> from the government that the dreaded days of blackouts won\u2019t return.<\/p>\n

In preparation for the uptick in LNG deliveries<\/strong>, the 750 mcf\/d-Energos Eskimo has now arrived in Egypt, according to shipping data<\/a>. The vessel will join the recently received Energos Power<\/a>, the soon to be replaced<\/a> 750 mcf\/d-Hoegh Galleon in Ain Sokhna and be followed soon by a unit from Turkish state-owned energy firm BOTAS<\/a>.<\/p>\n

DATA POINT-<\/strong> Egypt needs around 6.2 bn cubic feet per day (bcf\/d), but domestic production only contributes roughly 4.4 bcf\/d.<\/p>\n","protected":false},"excerpt":{"rendered":"

The agreements would see Egypt receive over 160 LNG cargoes through mid-2026<\/p>\n","protected":false},"author":1,"featured_media":666542,"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-666541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-energy","tag-enterpriseam","tag-oil-and-gas","wpautop","entry"],"acf":{"mongo_id":"d544ddd0-fb71-4b90-b5f8-01d49c2c7b83","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/650.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt to finalize long-term LNG deals with global suppliers this week","related_issue":[666536],"teaser":"The agreements would see Egypt receive over 160 LNG cargoes through mid-2026","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/6\/.b444c88e-ba31-478c-af55-5a8a714ad0c2.mp3"},"yoast_head":"\nEgypt to finalize long-term LNG agreements with global suppliers this week - 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Qatar reportedly refused to sell LNG to third-party traders the statelet thought were buying on Egypt\u2019s behalf, according to Reuters. Since the diplomatic rift between Egypt, Saudi Arabia, the UAE, and Bahrain came to a head, requests by at least two companies\u2026","rel":"","context":"In "Speed Round"","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":567430,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/22\/egypt-to-negotiate-long-term-gas-agreements-as-prices-plunge\/","url_meta":{"origin":666541,"position":1},"title":"Egypt to negotiate long-term gas agreements as prices plunge","author":"enterpriseam admin","date":"22 January 2020","format":false,"excerpt":"Plunging gas prices are forcing Egypt to change its gas-selling strategy: Egypt will reduce the amount of liquefied natural gas (LNG) it sells via short-term contracts and negotiate long-term agreements in response to plunging gas prices, Bloomberg quoted Oil MinisterTarek El Molla as saying. 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Oil Minister Tarek El Molla last week announced plans to sell gas at USD 5\/mmBtu under renewable long-term agreements instead of\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/692.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":665474,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/19\/regional-energy-players-put-in-offers-to-supply-us-with-lng\/","url_meta":{"origin":666541,"position":4},"title":"Regional energy players put in offers to supply us with LNG","author":"enterpriseam admin","date":"19 May 2025","format":false,"excerpt":"Saudi Aramco, UAE\u2019s Adnoc, Algeria\u2019s Sonatrach, and QatarEnergy have submitted offers to EGAS","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":632760,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/19\/egas-to-buy-three-lng-cargoes-from-engie-in-2q2018\/","url_meta":{"origin":666541,"position":5},"title":"EGAS to buy three LNG cargoes from Engie in 2Q2018","author":"enterpriseam admin","date":"19 February 2018","format":false,"excerpt":"EGAS is buying three LNG cargoes from Engie in 2Q2018, sources told Reuters. \u201cTrade sources told Reuters last month that Egypt was looking to import five cargoes of LNG at competitive pricing. Two trade sources said the purchases were arranged through bilateral [agreements] and not via a standard tender process.\u201d","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/666541","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=666541"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/666541\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/666536"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/666542"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=666541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=666541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=666541"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=666541"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=666541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}