Egypt has signed up majors BP and TotalEnergies to supply it with 60 cargoes of LNG for 2025.
The deal, which was apparently inked in late 2024, is for 4.2mn tons of LNG to be delivered over the course of 2025. This is the clearest indication yet that Cairo expects its 2025 LNG import volumes to surge further from 2024’s seven-year high of 2.78mn tons (MEES, 10 January). This comes as the shortfall between Egypt’s falling output and rising demand widens further, even taking into account record 1bn cfd piped gas imports from Israel (MEES, 18 October 2024). (CONTINUED - 782 WORDS)
