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Egypt Plans More LNG Deals, Driving Global Competition for Fuel

Egypt Plans More LNG Deals, Driving Global Competition for Fuel

Bloomberg29-07-2025
Egypt is poised to boost liquefied natural gas purchases until the end of the decade, tightening the global market and raising the prospect of yet-higher import bills.
The nation is planning to buy LNG beyond the sizable volumes it's already agreed to until 2028, as it looks to meet surging demand and fill a gap left by declining local output, according to people familiar with the situation. It has signed 10-year deals for import infrastructure and is in talks with Qatar over long-term gas supply contracts.
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