Egypt has awarded a tender worth $2.2bn to import 75 LNG cargoes to international trading firms, Vitol, Noble Group and Trafigura, as well as UK major BP, EGAS chairman Khalid ‘Abd al-Badi’ announced on 25 January.
Presuming a typical 125,000 m³ cargo size, this equates to roughly 2.8 m³/year or 270mn cfd of gas – around 5% of Egypt’s natural gas consumption. According to Reuters, Vitol, Noble Group and Trafigura will take on the majority of the cargoes, with BP only importing a smaller proportion. (CONTINUED - 662 WORDS)
