Egypt strikes LNG supply deal with BP

Egypt strikes LNG supply deal with BP

Liquefied natural gas import deal between Egypt and BP has reportedly been reached closing the last agreement under the country’s $2.2 billion tender.

Reuters cited EGAS head Khaled Abdel Badie saying the deal with BP has been reached for 16 cargoes of LNG for delivery through 2015-2016.

Egypt initially looked to complete the 70 deliveries it sought for in its initial tender with 21 cargoes from BP but delays in signing the deal have cut down on the number of deliveries that were supposed to start in April.

Egypt has agreed to import 33 cargoes from Trafigura, nine from Vitol and seven from Noble Group. With the 16 cargoes from BP, Egypt has secured 65 out of sought 70 cargoes through its tender.

The country has, however, signed deals with Algerian Sonatrach for six cargoes and Russian giant Gazprom for 35 deliveries.

 

LNG World News Staff; Image: Höegh LNG

Share this article

Follow LNG World News

Events>

<< Aug 2019 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

LNG Pricing, Trading & Hedging Singapore

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >