Algeria to Supply Six LNG Shipments to Egypt

Algeria’s state owned Sonatrach will sell six LNG shipments to Egypt at market rates, reports Anadolu Agency.

A source in Egyptian Petroleum Ministry source told Anadolu Agency that Egypt’s state-owned Natural Gas Holding Company (EGAS) is expected to sign a deal with the Algerian firm for the six LNG shipments within days.

Egypt is looking to import 18 shipments of LNG (with one shipment equivalent to 250 million cubic feet) to meet growing domestic demand, says the news agency.

Another Petroleum Ministry official told Anadolu Agency earlier that the Egyptian government had agreed with Russian company Gazprom to import seven LNG shipments, starting in August.

The official added that the government had also agreed with a French company to import the remaining five shipments.