Egypt to import six LNG cargoes from Algeria

Egypt to import six LNG cargoes from Algeria

Sherif Ismail, Egypt’s Minister of Petroleum and Mineral Resources held talks with Youcef Yousfi, Minister of Energy and Mines of Algeria and discussed importing liquefied natural gas from Algeria.

Ministers followed up on a previous agreement reached between EGAS and Sonatrach to supply 6 shipments of Algerian LNG in the period between April and September 2015.

They scheduled a meeting in Algeria by the end of this month to finalize the agreement. In addition, Egypt is looking to utilize Algerian experience in the shale gas upstream domain.

Earlier in November, EGAS signed a five-year time charter party contract with Höegh LNG of Egypt for the FSRU Höegh Gallant that will start to serve as Egypt’s LNG import terminal by the end of the first quarter 2015.

LNG World News Staff, Image: Egypt Ministry of Petroleum

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2 thoughts on “Egypt to import six LNG cargoes from Algeria”

  1. I wonder how this, poor Egypt, can improve with this kind of responsible ??

    Anyone can have an FSRU within maximum 6 month time.

    It is over two years that Mr Minister is jerking right and left and unable to finalize
    a deal.

    What a shame for this great country.

    May be Mr Sisi should have a look at what is happening, put an end to this saga, so that
    this energy crisis finally sess an end.

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