{"id":666735,"date":"2025-06-12T00:00:00","date_gmt":"2025-06-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/12\/egypt-signs-3-5-year-lng-agreements-with-global-suppliers\/"},"modified":"2025-06-12T00:00:00","modified_gmt":"2025-06-12T00:00:00","slug":"egypt-signs-3-5-year-lng-agreements-with-global-suppliers","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/12\/egypt-signs-3-5-year-lng-agreements-with-global-suppliers\/","title":{"rendered":"Egypt signs 3-5 year LNG agreements with global suppliers"},"content":{"rendered":"

Good afternoon, all, and congratulations on making it to the end of the week, even if it <\/strong>was a short one. <\/strong>The weather seems to be heating up, but the news cycle remains cool as we hit the usual summer slowdown.<\/p>\n

\n

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

Egypt has agreed to purchase up to 125 LNG cargoes annually from a roster of global <\/strong>suppliers<\/strong>, a government source told EnterpriseAM, confirming a report by Bloomberg<\/a>. The lineup includes Saudi Aramco, Trafigura Group, Vitol Group, Hartree Partners, BGN, Shell, and Azerbaijan\u2019s Socar. The Egyptian Natural Gas Holding Company inked the agreements for a duration of 3-5 years, our source added.<\/p>\n

Capacity in place to handle volumes: <\/strong>To handle the uptick in LNG inflows, we received<\/a> last week the 750 mcf\/d-Energos Eskimo, which joins the recently received Energos Power<\/a> as well as the soon to be replaced<\/a> 750 mcf\/d-Hoegh Galleon in Ain Sokhna and will be followed soon by a unit from Turkish state-owned energy firm BOTAS<\/a>.<\/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. <\/p>\n

\n

\n

Foreigners with permanent residencies to be exempt from vehicle import re<\/strong>gulations:<\/strong> The Finance Ministry has decided to exempt foreigners with permanent residencies in Egypt from the personal vehicle import regulations, according to an official decision seen by EnterprisePM. <\/p>\n

The details:<\/strong> The decision will apply to foreigners residing in Egypt who have paid for their vehicles abroad, granting them similar treatment as diplomats and Egyptians living abroad, who are allowed to pay for vehicles from outside the country. The exemption also includes foreign students accompanied by their families who are studying abroad, provided they hold residency and are at least 16 years old. There will also be no requirement to submit a document proving payment for the vehicle abroad \u2014 instead, buyers will need to provide documentation showing the payment of the vehicle, along with the bank transfer's SWIFT number.<\/p>\n

Remember:<\/strong> The Investment Ministry in December<\/a> issued a decision introducing rules for personal car imports to limit USD outflows and support the localization of the auto industry, capping personal imports at one car every five years and requiring importers to provide proof of financial solvency and make payment through an Egyptian bank. The rules were positioned as part of broader efforts to encourage local automotive manufacturing. <\/p>\n

\n

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

It\u2019s all eyes on an Air India plane crash in the foreign press: <\/strong>A Boeing 787 Dreamliner operated by Air India and bound for London crashed today with 242 passengers and crew on board shortly after taking off from Ahmedabad, the airline said<\/a> on X. While the number of casualties remains unknown at the time of writing, India's federal health minister said that \"many people\" were killed, and those injured are being taken to nearby hospitals. The flight crashed in a residential area five minutes after it departed, with its landing gear still out before exploding into flames upon impact. Boeing shares fell 6% in premarket US trading. (Associated Press<\/a> | Bloomberg<\/a> | Reuters<\/a> | Financial Times<\/a> | CNBC<\/a>)<\/p>\n

\n
\n
\n
\n

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

\u2600\ufe0f <\/strong>TOMORROW\u2019S WEATHER- <\/strong>The capital will be seeing its hottest day of the week tomorrow, with the mercury set to peak at 38\u00b0C before cooling to 24\u00b0C at night. The North Coast will be experiencing cooler weather, with the temperature expected to reach just 31\u00b0C during the day and 19\u00b0C at night, according to our favorite weather app.<\/p>\n","protected":false},"excerpt":{"rendered":"

Good afternoon, all, and congratulations on making it to the end of the week, even if it was a short one. The weather seems to be heating up, but the news cycle remains cool as we hit the usual summer slowdown. THE BIG STORY TODAY- Egypt has agreed to purchase up to 125 LNG cargoes […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[7213],"tags":[93,633,91,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-666735","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-tonight","tag-energy","tag-enterprisepm","tag-oil-and-gas","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"f6ea2e89-2761-441e-b80d-5f7de89c274a","order":"1","is_powered_by":false,"story_type":"4","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[666733],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/6\/.ee165bf4-4d74-49ab-80de-8c1a3b8ff588.mp3"},"yoast_head":"\nEgypt signs 3-5 year LNG agreements with global suppliers - 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\/06\/12\/egypt-signs-3-5-year-lng-agreements-with-global-suppliers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt signs 3-5 year LNG agreements with global suppliers\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, all, and congratulations on making it to the end of the week, even if it was a short one. 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Turkish demand for gas is set to hit record levels this year due to rising consumption in the power sector.Turkish-Egyptian relations\u2026","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\/2021\/12\/294.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":550632,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/12\/this-evening-five-egx-listed-companies-see-stake-purchases-worth-around-usd-1-8-bn-markets-are-looking-to-contain-the-fallout-from-eus-embargo-on-russian-oil-imports\/","url_meta":{"origin":666735,"position":3},"title":"THIS EVENING: Five EGX-listed companies see stake purchases worth around USD 1.8 bn + Markets are looking to contain the fallout from EU\u2019s embargo on Russian oil imports","author":"enterpriseam admin","date":"12 April 2022","format":false,"excerpt":"Today seemed like a slow day \u2014 until it became the exact opposite of that. We\u2019re flush with news today, ladies and gentlemen, from a flurry of M&A activity to more indications from global markets that Egypt could have an opening to ramp up LNG exports to Europe.But first, a\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":551180,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/31\/this-evening-natgas-lng-export-revenues-jump-in-4m2022-eurozone-inflation-hit-a-record-high-in-may\/","url_meta":{"origin":666735,"position":4},"title":"THIS EVENING: Natgas + LNG export revenues jump in 4M2022 + eurozone inflation hit a record high in May","author":"enterpriseam admin","date":"31 May 2022","format":false,"excerpt":"Happy hump day, friends. It\u2019s hard to believe we\u2019re just halfway through the week, but we think the news flow is taking a bit of a breather as earnings season winds down. Today was the deadline for EGX-listed companies to file their earnings for 1Q2022.THE BIG STORY TODAY Our natural\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":550892,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/11\/this-evening-denmarks-cimbria-to-build-wheat-silo-complex-in-port-said-german-company-acquires-stake-in-ekh-subsidiary-eu-wants-to-cut-off-russian-oil-in-five-years\/","url_meta":{"origin":666735,"position":5},"title":"THIS EVENING: Denmark\u2019s Cimbria to build wheat silo complex in Port Said + German company acquires stake in EKH subsidiary + EU wants to cut off Russian oil in five years","author":"enterpriseam admin","date":"11 May 2022","format":false,"excerpt":"Good afternoon, wonderful people, and welcome to that time of the week when we can almost smell the weekend.THE BIG STORIES TODAY #1- Denmark\u2019s Cimbria is building a wheat silo complex in Port Said with a capacity of 100k tons in a bid to \u201csecure food storage\u201d in Egypt, according\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","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\/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\/666735","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=666735"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/666735\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/666733"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=666735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=666735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=666735"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=666735"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=666735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}