Egypt’s insatiable appetite for LNG increases

Egypt’s latest tender for LNG imports for delivery during the 2017-2018 fiscal year will deepen the country’s dependence on the fuel
By Abhishek Kumar 25 October 2016
Idku LNG. Idku has only exported occasional cargoes since 2014. (BG Group)

Directional impact on forecast:
Bullish on LNG prices

Egypt is poised to become the biggest LNG importer in the Middle East and Africa (MEA) region in 2016, and the country expects its dependence on the fuel to increase even further next year. Egypt launched a medium-term LNG tender in October for the 2017-2018 fiscal year that has been reported to be the biggest of its kind. However, the country occasionally exports LNG from its 7.2 mtpa Idku plant, which seems to contradict its import...

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