Middle East & Africa: Trade
Egypt is now the largest LNG importer in the MEA, and its appetite for the fuel is set to grow further during the summer.
Egypt received 0.51 mt of LNG in April 2016 – the highest volume of LNG imported in the MEA that month and much higher than Egypt’s 0.13 mt of imports in April 2015. Egypt’s growing gas-to-power demand and falling gas production will further increase the need for LNG during the summer. Cairo is procuring most of its LNG shipments from portfolio players and the spot market. GGA expects Egypt to import 5.1 mt of LNG in 2016 compared with 2.59 mt last year.