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First Qatari LNG shipment to Egypt expected by end of month
- Egypt: Tuesday, May 07 - 2013 at 05:21
Egyptian petroleum minister Osama Kamal has said the country will receive the first shipment of Qatari Liquefied Natural Gas (LNG) by the end of May, under a gas swap deal that includes the foreign companies extracting gas locally, Ahram has reported. The shipment is part of a total of 18 batches have been pledged by the Gulf country to the Egyptian government to help within meeting the country's electricity needs to avoid blackouts in the summer. Under the arrangement, Egypt will buy the share of foreign companies in locally extracted LNG. The foreign companies will then take the LNG being imported from Qatar. The amount of awaited Qatari gas imports is yet to be revealed.
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