{"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":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good afternoon, all, and congratulations on making it to the end of the week, even if it <\/strong><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<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Egypt has agreed to purchase up to 125 LNG cargoes annually from a roster of global <\/strong><strong>suppliers<\/strong>, a government source told EnterpriseAM, confirming a report by <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-06-12\/egypt-makes-lng-supply-deals-with-hartree-vitol-aramco-others\" style=\"\" rel=\"noopener\">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<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Capacity in place to handle volumes: <\/strong>To handle the uptick in LNG inflows, we <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d544ddd0-fb71-4b90-b5f8-01d49c2c7b83\/\" style=\"\" rel=\"noopener\">received<\/a> last week the 750 mcf\/d-Energos Eskimo, which joins the recently received <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0fcc4106-7be1-4f2b-8204-e373e23e5326\/\" style=\"\" rel=\"noopener\">Energos Power<\/a> as well as the soon to be <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/da857d85-56c7-4228-92a9-5e0f88b8f4d9\" style=\"\" rel=\"noopener\">replaced<\/a> 750 mcf\/d-Hoegh Galleon in Ain Sokhna and will be followed soon by a unit from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f58dafba-e852-4f3c-83a0-61ca0a5d917f\/\" style=\"\" rel=\"noopener\">Turkish state-owned energy firm BOTAS<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>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<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Foreigners with permanent residencies to be exempt from vehicle import re<\/strong><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<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>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<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> The Investment Ministry in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0edffdac-e185-45d2-b6a0-a53b492d06c5\/gov%25e2%2580%2599t-imposes-new-personal%253cmark%253e-car%253c%2Fmark%253e-import-rules-to-curb-usd-outflows-%2B%253cmark%253e-car%253c%2Fmark%253e-dealers-to-import-usd-1.8-bn-worth-of-cars-next-year\" style=\"\" rel=\"noopener\">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<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>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 <a target=\"_blank\" href=\"https:\/\/x.com\/airindia\/status\/1933100970399166759\" style=\"\" rel=\"noopener\">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. (<a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/india-plane-crash-cad8dad5cd0e92795b03d357404af5f8\" style=\"\" rel=\"noopener\">Associated Press<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-06-12\/air-india-boeing-787-from-ahmedabad-to-london-gatwick-crashes?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/india\/plane-crashes-indias-ahmedabad-airport-tv-channels-report-2025-06-12\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/0f1196c5-c656-4804-b84d-cc5225b4939f\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/06\/12\/air-india-plane-crashes-at-ahmedabad-in-gujarat.html\" style=\"\" rel=\"noopener\">CNBC<\/a>)<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2600\ufe0f <\/strong><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":"<p>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 [&hellip;]<\/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":[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":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt 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. The weather seems to be heating up, but the news cycle remains cool as we hit the usual summer slowdown. 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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":675798,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/19\/egypt-returns-to-global-lng-market-to-fill-supply-gap\/","url_meta":{"origin":666735,"position":1},"title":"Egypt returns to global LNG market to fill supply gap","author":"enterpriseam admin","date":"19 November 2025","format":false,"excerpt":"The Madbouly government has secured strategic medium-term contracts for LNG through June 2026","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":[]},{"id":542439,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/11\/govt-looks-to-secure-lower-lng-prices\/","url_meta":{"origin":666735,"position":2},"title":"Gov\u2019t looks to secure lower LNG prices","author":"enterpriseam admin","date":"11 December 2025","format":false,"excerpt":"Early negotiations are giving us some advantage","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\/483.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":639626,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/12\/big-plans-ahead-for-the-countrys-lng-exporting-infrastructure\/","url_meta":{"origin":666735,"position":3},"title":"Big plans ahead for the country\u2019s LNG exporting infrastructure","author":"enterpriseam admin","date":"12 August 2024","format":false,"excerpt":"Good afternoon, friends. Energy news is once again the talk of the local business press today for the second day in a row, while further afield, the international business press isn\u2019t quite sure what to focus on.THE BIG STORY TODAY Eni to set up a fixed regasification unit in Damietta:\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\/2024\/4\/650.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":637132,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/08\/govt-picks-lng-suppliers-for-1q2018\/","url_meta":{"origin":666735,"position":4},"title":"Gov\u2019t picks LNG suppliers for 1Q2018","author":"enterpriseam admin","date":"8 November 2017","format":false,"excerpt":"The Oil Ministry will has picked its LNG suppliers for 1Q2018, Oil Minister Tarek El Molla said, according to Reuters. Spain\u2019s Gas Natural Fenosa to deliver five LNG cargoes, Switzerland-based trader Trafigura will deliver three, Vitol three, and Glencore one. The report confirms earlier speculation of the awards. Egypt imports\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":553868,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/12\/egypt-becomes-a-key-lng-supplier-to-turkey\/","url_meta":{"origin":666735,"position":5},"title":"Egypt becomes a key LNG supplier to Turkey","author":"enterpriseam admin","date":"12 December 2021","format":false,"excerpt":"Egypt has emerged as one of Turkey\u2019s most important LNG suppliers so far in 4Q2021, shipping seven cargoes since the beginning of October, according to S&P Global Platts data. 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