1 day ago · Egypt has signed deals worth around $3 billion with Shell and TotalEnergies to secure 60 cargoes of liquefied natural gas (LNG) to cover demand for 2025, three trading sources told Reuters.

Egyptian LNG is Egypt’s largest liquefied natural gas joint venture comprising of both local shareholders, such as the Egyptian General Petroleum Corporation (“EGPC”), Egyptian Natural Gas Holding Company (“EGAS”) and foreign shareholders, such as Shell Group plc (previously BG), PETRONAS and TotalEnergies S.E (previously ENGIE), all ...

1 day ago · To meet demand in the hot summer months when gas is required for air-conditioning, Egypt bought dozens of LNG cargoes on the spot market, where it had to pay a premium between of $1-$2. Adding to the financial strain on Egypt, which faces a shortage of foreign currency, LNG spot prices have risen in 2025 to an average of more than $14 per ...

By Marwa Rashad LONDON (Reuters) -Egypt has signed deals worth about $3 billion with Shell and TotalEnergies to secure 60 cargoes of liquefied natural gas (LNG) to cover demand for 2025, three ...

1 day ago · Investing.com -- Egypt has successfully secured 60 cargoes of liquefied natural gas (LNG) for the year 2025. The deals were signed with energy giants Shell (LSE:LON: SHEL) and TotalEnergies (PA:EPA: TTEF), according a Thursday report by Reuters. The move is aimed at covering the country's LNG demand for the year 2025.

1 day ago · Investing.com -- Egypt has successfully secured 60 cargoes of liquefied natural gas (LNG) for the year 2025. The deals were signed with energy giants Shell (LSE:LON: SHEL) and TotalEnergies (PA ...

4 days ago · Arab Finance: Egypt has signed contracts with Dutch Shell and French Total to purchase 60 shipments of liquefied natural gas (LNG) in 2025, valued at approximately $3 billion, an unnamed government source told Asharq Business. Each shipment has a one-year grace period for payment from the delivery date. The agreement includes the supply of around five …

Nov 20, 2024 · Egypt is in talks with U.S. and other foreign companies to purchase long-term volumes of liquefied natural gas (LNG) as it seeks to cut its reliance on more costly spot market purchases to...

Nov 21, 2024 · Egypt is holding talks with global energy companies about securing long-term liquefied natural gas (LNG) supply contracts to meet growing power demands. “The ministry (of Petroleum) is seeking three or four years of supply to hedge from sudden price increases,” an unnamed source told Reuters.

Sep 13, 2024 · Egypt has bought 20 cargoes of liquefied natural gas (LNG) via the first tender issued to cover its winter demand since 2018, securing full volumes it was seeking at smaller than expected...