19 Hrs
Source:
شبكة راية الإعلامية
Egypt to import 230 LNG shipments in 2026-2027
Egypt announced its contract to import approximately 230 LNG shipments during the 2026-2027 fiscal year, representing an increase of about 24% compared to 186 shipments in the previous fiscal year. The import bill for gas during this period is estimated at around $11.5 billion, with the average cost per shipment rising to roughly $50 million due to higher global gas prices and declining domestic production, which has currently decreased to about 3.8 billion cubic feet per day. Egypt aims to increase this to 6.6 billion cubic feet per day by 2030. The country utilizes floating storage and regasification units (FSRUs) to receive and convert imported gas into its gaseous state, with plans to boost capacity by leasing new vessels, all in efforts to bridge the ongoing gap between production and consumption in the local energy market.
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