The Egyptian government is accelerating its efforts to lower natural-gas imports.
Egypt received approximately 560,000 cubic feet (cf) of liquefied natural gas (LNG) from Jordan over four months through the floating storage regasification unit (FSRU) located near Aqaba.
Algeria’s Skikda liquified natural gas (LNG) export plant has come back on stream .
Qatar has witnessed a steep rise of 40% in its gas consumption over the last five years.
The Egyptian government decreased the oil and gas sector’s foreign debt to $3.2b, while budgeting $2.5b for LNG imports.
The Egyptian Natural Gas Holding Company (EGAS) has said it requested EGP30 billion from the Finance Ministry for the 2015-2016 fiscal year to finance the purchase of liquefied natural gas.
El-Mulla assured that no Ministry of Finance budget will be allocated to import gas.
Egypt expects to agree additional liquefied natural gas (LNG) import deals with Shell and Total, and is close to paying BG Group more for the gas it produces offshore, its oil minister said on Monday.