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Egypt to import approximately 60 LNG cargoes in 2017

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LNG Industry,

According to Reuters, Egypt is expected to import approximately 60 LNG cargoes in 2017, with Glencore acting as the biggest supplier.

Reuters reports that Glencore will supply approximately 25 cargoes of LNG, whilst Trafigura – the second biggest supplier – will provide approximately 18 cargoes of LNG. BB Energy, Gunvor and Vitol will also supply cargoes.

Reportedly, state-run Egypt Natural Gas Holding (EGAS) issued an import tender in late October for 96 cargoes in 2017 and 2018 (with the option for an additional 12 cargoes in 2017). Reuters claims that the company has likely now secured all of its requirements for 2017, as well as just six cargoes for 2018.

Reuters claims that it is not clear why EGAS did not seek to purchase any further cargoes for delivery in 2018.

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