News Egypt Imports: Egypt, reliant on imports, buys more Russian wheat
Egypt has bought a new shipment of Russian wheat, relying on imports to fill its domestic needs and trying to navigate the changes brought about by the war in Ukraine. The North African nation’s ...
News Egypt Imports: Egypt Defers LNG Import Cargoes on Weaker Demand
Egyptian Natural Gas Holding Company (EGAS), the state-owned gas firm, has asked its LNG suppliers to delay the delivery of at least 20 cargoes that it had to receive by the end of the year, anonymous ...
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.
