Egypt in Talks to Buy 21 LNG Cargoes from BP

Egyptian Natural Gas Holding Company (EGAS) is in talks with British Petroleum (BP) to buy 21 LNG cargoes, Amwal Al Ghad newspaper reported Monday citing an official source from EGAS.

Talks concerned the technical and contractual procedures for bringing natural gas cargoes, the source told the newspaper.

In recent months, Egypt has signed numerous deals to import LNG to meet domestic energy demand.

This month, Cairo signed a deal with Vitol to buy nine LNG shipments. It also signed LNG supply deal to import seven LNG shipments with Noble Clean Fuels Limited, a part of Hong Kong based Noble Group. Also, EGAS inked an agreement with Trafigura to import 33 cargoes of LNG between 2015 and 2016.