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وكالة صدى نيوز
Egypt to import 230 liquefied gas shipments
The article discusses Egypt's announcement of signing a contract to import approximately 230 LNG shipments during the 2026-2027 fiscal year, representing an increase of around 24% compared to the previous year to meet the growing domestic demand. Data indicates that the gas import bill will amount to about $11.5 billion, with the average cost per shipment rising to around $50 million due to geopolitical tensions and a decline in local gas production. Egypt faces a gap between production and consumption, with production decreasing to 3.8 billion cubic feet per day, amid plans to increase it to 6.6 billion cubic feet by 2030 through investments in exploration and production. The country continues to rely on floating storage and regasification units to convert the shipments into natural gas before injecting it into the local network.
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