Report: Rosneft to supply 10 LNG cargoes to Egypt

Report: Rosneft to supply 10 LNG cargoes to Egypt
Image courtesy of Höegh LNG

Rosneft Trading, a unit of Rusia’s Rosneft, has reportedly agreed to supply 10 liquefied natural gas cargoes to the Egyptian Natural Gas Holding Company (EGAS) by the end of the year. 

The first delivery by Rosneft Trading to EGAS is expected in May, Reuters reports, noting that the company delivered three LNG cargoes in 2016.

Earlier in February, Egypt was reported to have already secured 100 LNG cargoes for delivery in 2017.

The country’s natural gas company EGAS has also set aside around US$2.2 billion for LNG imports in 2017.

Egypt that has turned a net importer over the course of 2015, due to falling production, increased domestic consumption and gas shortages, has deployed two FSRUs in Ain Sokhna that serve as the country’s import terminals.

The Höegh Gallant FSRU, provided by Höegh LNG, began operations in April 2015, while the FSRU BW Singapore, provided by BW, has been in full operation since October 2015.

However, according to WoodMackenzie Egypt could add a cumulative 41 billion cubic meters a year of gas production by 2022, following the development of BP’s West Nile Delta and Atoll fields and Eni’s massive Zohr find.

Share this article

Follow LNG World News

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 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 2 3 4 5

The 6th CWC China LNG & Gas International Exhibition & Summit

Following on from LNG 2019 and five successful editions in Beijing, the established China LNG & Gas International Exhibition & Summit…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >