{"id":675798,"date":"2025-11-19T00:00:00","date_gmt":"2025-11-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/19\/egypt-returns-to-global-lng-market-to-fill-supply-gap\/"},"modified":"2025-11-19T00:00:00","modified_gmt":"2025-11-19T00:00:00","slug":"egypt-returns-to-global-lng-market-to-fill-supply-gap","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/19\/egypt-returns-to-global-lng-market-to-fill-supply-gap\/","title":{"rendered":"Egypt returns to global LNG market to fill supply gap"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>We\u2019re once again seeking LNG imports: <\/strong>The Egyptian General Petroleum Corporation (EGPC) is heading back to the global LNG market to plug a supply gap after months of cutting and delaying imports on the back of oversupply and weaker demand, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-11-11\/egypt-seeks-last-minute-lng-cargoes-to-meet-demand-this-month\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing people it says have knowledge of the matter. EGPC has issued a tender to procure three liquefied natural gas (LNG) shipments for delivery in mid-to-late November.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Reversing course:<\/strong> Last month, the Oil Ministry <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3dbcbf9c-5061-4be2-ad4c-79407492a350\/\" style=\"\" rel=\"noopener\">moved to<\/a> reduce the number of agreed-upon LNG shipments scheduled for shipment in October \u2014 for the second month in a row \u2014 to six shipments from an initially expected 19, citing a combination of weak domestic demand and increased local output.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>LNG supplies secured through next summer: <\/strong>The Madbouly government has secured strategic medium-term contracts for LNG through June 2026 and is continuing to request additional shipments through monthly tenders to keep prices competitive, a government source told EnterpriseAM.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We have quite the roster of suppliers: <\/strong>Over the past two years, the Oil Ministry has expanded its natural gas supplier roster to more than 70, helping stabilize prices. Over the summer, Egypt <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f6ea2e89-2761-441e-b80d-5f7de89c274a\/egypt-signs-3-5-year-lng-agreements-with-global-suppliers\" style=\"\" rel=\"noopener\">agreed<\/a> to purchase up to 125 LNG cargoes annually from a long list of suppliers that includes Saudi Aramco, Trafigura Group, Vitol Group, Hartree Partners, BGN, Shell, and Azerbaijan\u2019s Socar. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The shift comes following the freeze of a new Israeli gas agreement<\/strong>, which had been expected to boost pipeline inflows beginning last October. EGPC is now turning back to the global market to secure additional LNG shipments to meet local demand, a senior government official told EnterpriseAM. The source added that up to 20 LNG shipments are expected before year-end, with new cargoes being secured through tenders with approved suppliers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Israel has hit pause on its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a5ea0cf3-b7f4-4ee2-ab23-06794178f32e\/israel-to-more-than-double-leviathan-gas-exports-to-egypt-under-usd-35-bn-agreement\" style=\"\" rel=\"noopener\">USD 35 bn gas export agreement<\/a> with Egypt until its interests are secured and a fair price for the Israeli market is agreed upon, Israeli Energy Minister Eli Cohen\u2019s office said in a statement earlier this month. While political tensions between Cairo and Tel Aviv already <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b39482e1-eba0-430f-964f-acf4bb07ad39\/%253cmark%253eisrael%253c%2Fmark%253e-halts-its-usd-35-bn-gas-export-agreement-with-egypt-as-egyptian-israeli-relations-grow-tense\" style=\"\" rel=\"noopener\">complicated the agreement<\/a>, this most recent roadblock is reportedly from internal commercial disputes in Israel.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Still, import needs are expected to decline next year.<\/strong> LNG import volumes are projected to fall around 30% in 2026, supported by higher domestic production and growing renewable energy capacity, according to the source. Our LNG requirements for next year are estimated at 120-125 shipments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Madbouly government has secured strategic medium-term contracts for LNG through June 2026<\/p>\n","protected":false},"author":1,"featured_media":675799,"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":[557,93,72,91,371],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-675798","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-egyptian-general-petroleum-corporation","tag-energy","tag-enterpriseam","tag-oil-and-gas","tag-oil-ministry","wpautop","entry"],"acf":{"mongo_id":"560a50d8-cfc9-4c68-ac52-eaec047236bf","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/669.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt returns to global LNG market to fill supply gap","related_issue":[675793],"teaser":"The Madbouly government has secured strategic medium-term contracts for LNG through June 2026","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.6e23d8ff-ea00-419f-ab51-45bc6ede6dfa.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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An agreement reached\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\/2020\/12\/174.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575284,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/ufg-egypt-revive-talks-to-reopen-damietta-lng-facility\/","url_meta":{"origin":675798,"position":1},"title":"UFG, Egypt revive talks to reopen Damietta LNG facility","author":"enterpriseam admin","date":"11 October 2020","format":false,"excerpt":"Could we finally be approaching the end of the Damietta LNG saga? Talks have resumed between Union Fenosa Gas (UFG) and the Madbouly government that could potentially see the Damietta LNG plant reopen after eight years of inactivity, S&P Global reports, citing an Eni spokesperson. After a collapse in negotiations\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/10\/91.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":563056,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/16\/a-merger-in-the-western-desert\/","url_meta":{"origin":675798,"position":2},"title":"A merger in the Western Desert","author":"enterpriseam admin","date":"16 June 2021","format":false,"excerpt":"Eni to merge two concessions in Western Desert: Eni has signed an agreement with the Egyptian General Petroleum Corporation (EGPC) and Russian multinational energy corporation Lukoil to merge its Meleiha and Meleiha Deep concessions in the Western Desert, the Italian oil and gas operator said in a statement yesterday. The\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":569585,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/01\/spanish-naturgy-will-be-pulling-out-of-the-damietta-lng-plant\/","url_meta":{"origin":675798,"position":3},"title":"Spanish Naturgy will be pulling out of the Damietta LNG plant","author":"enterpriseam admin","date":"1 March 2020","format":false,"excerpt":"Spain\u2019s Naturgy is pulling out of its Egypt operations, allowing liquefaction operations at Damietta LNG plant to begin again: Italy\u2019s Eni and Spain\u2019s Naturgy have reached an agreement with the Egyptian government that will see Naturgy exit Union Fenosa Gas (UFG), its joint venture with Eni, according to statements from\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/8.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":581600,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/16\/europe-will-need-to-wait-until-2025-for-more-lng-from-egypt-says-el-molla\/","url_meta":{"origin":675798,"position":4},"title":"Europe will need to wait until 2025 for more LNG from Egypt, says El Molla","author":"enterpriseam admin","date":"16 February 2023","format":false,"excerpt":"Europe will have to sit tight as it waits for more LNG from Egypt: Egypt will boost its LNG exports to Europe in the long term, but the energy-deprived continent will have to wait another two years during which global supplies are expected to remain tight, Oil Minister Tarek El\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\/2023\/1\/MedLNGTanker-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":570981,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/26\/breakdown-in-naturgy-eni-and-egpc-damietta-dispute-resolution\/","url_meta":{"origin":675798,"position":5},"title":"Breakdown in Naturgy, Eni and EGPC Damietta dispute resolution","author":"enterpriseam admin","date":"26 April 2020","format":false,"excerpt":"DISPUTE WATCH- The resolution of a long-simmering dispute over a shuttered Damietta LNG plant has fallen apart despite an agreement reached last month, according to a cabinet statement. Parties to the dispute include Spanish gas firm Naturgy Energy Group, Italy\u2019s Eni, and the Egyptian government. Why does this matter? First,\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/4\/212.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/675798","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=675798"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/675798\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/675793"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/675799"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=675798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=675798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=675798"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=675798"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=675798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}