Egypt Inks LNG Supply Deal with Trafigura

The Egyptian Gas Holding Company (EGAS) and commodity trader Trafigura signed a contract on Thursday on supply of about 33 shipments of liquefied natural gas (LNG), Egypt’s Ministry of Petroleum informed.

The contract has been signed within Egypt’s USD 2.2 billion tender for delivery of 75 cargoes of LNG as the country endeavors to meet its energy requirements for the period 2015 – 2016.

Four international companies have been selected winners of the tender.

Egypt revealed plans to conclude an agreement with Russia’s Gazprom for the company to supply it with LNG shipments.

The two parties signed an agreement in principle in April on the supply of seven LNG shipments.

Egypt has already signed a deal with Algeria in December for delivery of six LNG cargoes.

World Maritime News Staff; Image: Egypt’s Ministry of Petroleum