News Egypt Imports: Egypt's EGAS expects delay in gas import terminal -source
Egypt expects a delay in the delivery of an import terminal for liquefied natural gas (LNG), a plant that is expected to help it combat the worst energy crisis in years, a source at Egyptian Natural Gas Holding Company (EGAS) said on Sunday. Egypt can export LNG but cannot import it without installing the terminal. Egypt's oil ministry and Norway's Hoegh LNG said in May they had agreed for Egypt to use one of Hoegh's Floating Storage and Regasification Units (FSRU) for five years and that the terminal would be in place by September.
News Egypt Imports: Egypt to pay $1.3B oil debt by June amid energy crunch
The country had accumulated around $6.1 billion in arrears by mid-2024, largely due to a prolonged foreign currency shortage that delayed payments and...
News Egypt Imports: Afreximbank and the National Bank of Egypt commit to drive investments and enhance trade in the country
African Export-Import Bank (Afreximbank) and the National Bank of Egypt (NBE) have signed a Memorandum of Understanding (MOU) to promote trade and investment flows into Egypt. Under the MoU signed on ...
News Egypt Imports: Eni (E) Grabs Five Natural Gas Exploration Licenses in Egypt
The bid results fit Eni's (E) strategy to explore and produce natural gas to serve the domestic market and contribute to LNG export.
