Egypt close to LNG supply deal with Gazprom

Egypt is reportedly on the verge of finalizing the LNG supply agreement with Gazprom.

According to the country’s oil minister, Sherif Ismail, the deal for seven shipments of liquefied natural gas, that was agreed in principal in April last year, will be finalized at the end of this month.

Ismail told Reuters that a Gazprom delegation is expected in Egypt during the middle of January.

This deal would mean that, Egypt, a country struggling with energy issues, will have two LNG supply deals in place following the imports deal with Algeria.

The country has signed a time charter party contract with Höegh LNG for the FSRU Höegh Gallant for a period of five years.

LNG World News Staff; Image: petroleum.gov.eg