EGYPT

Cairo Looks To Ease Energy Woes With $2.2Bn LNG Tender Award

Egypt has awarded a tender worth $2.2bn to import 75 LNG cargoes to international trading firms, Vitol, Noble Group and Trafigura, as well as UK major BP, EGAS chairman Khalid ‘Abd al-Badi’ announced on 25 January.

Presuming a typical 125,000 m³ cargo size, this equates to roughly 2.8 m³/year or 270mn cfd of gas – around 5% of Egypt’s natural gas consumption. According to Reuters, Vitol,...