Daily News: Initial agreement with Gazprom for 35 LNG shipments: Petroleum minister

Petroleum Minister Sherif Ismail announced Tuesday an initial agreement has been made with Russia’s Gazprom to supply around 35 shipments of liquefied natural gas (LNG) over the next five years.

He told Daily News Egypt that Gazprom, that will send a delegation to Egypt mid-January to complete the agreement, will supply the country with seven shipments of LNG annually from 2015-2020.

He stressed that Egypt will gain access to Russian and Algerian LNG shipments at global prices, determined at the time of supply.

He also added that a delegation from Algeria’s Sonatrach will arrive in Cairo at the end of January to continue negotiations over shipments which will be supplied from 2016-2020.
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