1 day ago · To meet demand in the hot summer months when gas is required for air-conditioning, Egypt bought dozens of LNG cargoes on the spot market, where it had to pay a premium between of $1-$2. Adding to the financial strain on Egypt, which faces a shortage of foreign currency, LNG spot prices have risen in 2025 to an average of more than $14 per ...

Egyptian LNG is Egypt’s largest liquefied natural gas joint venture comprising of both local shareholders, such as the Egyptian General Petroleum Corporation (“EGPC”), Egyptian Natural Gas Holding Company (“EGAS”) and foreign shareholders, such as Shell Group plc (previously BG), PETRONAS and TotalEnergies S.E (previously ENGIE), all ...

23 hours ago · Egypt has secured 60 cargoes of liquefied natural gas (LNG) for 2025 through agreements with Shell and TotalEnergies valued at approximately $3 billion, Reuters reported on Thursday.

1 day ago · To meet demand in the hot summer months when gas is required for air-conditioning, Egypt bought dozens of LNG cargoes on the spot market, where it had to pay a premium between of $1-$2. Adding to the financial strain on Egypt, which faces a shortage of foreign currency, LNG spot prices have risen in 2025 to an average of more than $14 per ...

4 hours ago · To meet summer demand for air-conditioning, Egypt purchased several LNG cargoes on the spot market, paying a premium of $1–2. With LNG spot prices in 2025 averaging more than $14 per million British thermal units (MBtu), up from $12/MBtu when Cairo began tendering, the financial strain on Egypt is increasing, especially in light of its ...

1 day ago · Egypt has signed deals worth around $3 billion with Shell and TotalEnergies to secure 60 cargoes of liquefied natural gas (LNG) to cover demand for 2025, three trading sources told Reuters.

23 hours ago · Egypt has signed deals worth ~$3B with Shell (SHEL) and TotalEnergies (TTE) to secure 60 cargoes of liquefied natural gas to cover most of the country's demand for 2025. ... LNG spot prices have ...

4 days ago · Arab Finance: Egypt has signed contracts with Dutch Shell and French Total to purchase 60 shipments of liquefied natural gas (LNG) in 2025, valued at approximately $3 billion, an unnamed government source told Asharq Business. Each shipment has a one-year grace period for payment from the delivery date. The agreement includes the supply of around five shipments per month, with each shipment ...

Nov 20, 2024 · Egypt is in talks with U.S. and other foreign companies to purchase long-term volumes of liquefied natural gas (LNG) as it seeks to cut its reliance on more costly spot market purchases to...

1 day ago · Egypt secures LNG deals with Shell and TotalEnergies for 2025. LONDON, Feb 6 (Reuters) - Egypt has signed deals worth around $3 billion with Shell and TotalEnergies to secure 60 cargoes of liquefied natural gas (LNG) to cover demand for 2025, three trading sources told Reuters.The most populous Arab country last year returned to being a net importer of natural gas, buying dozens of cargoes and ...