Reuters: Algeria will export liquefied natural gas to Egypt next year

Algeria will export six cargoes of liquefied natural gas to Egypt next year (between April and September), the Egyptian oil ministry said on Thursday, helping to ease an energy crunch that has plunged the country into repeated blackouts this year.

The contract would be signed in Algeria at the end of the month, the ministry said in a statement, without giving any details about the size of the cargoes or the price agreed.

Egypt had initially agreed to import five LNG cargoes from Algeria this year but it was not clear if the supplies ever arrived as the Arab world's most populous country lacks the regasification facilities required to process them.

Egypt finalised a long-delayed deal last month with Norway's Hoegh LNG for a floating storage and regasification unit that will allow it to import LNG.
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