Egypt May Have Issued Last LNG Tender

Egypt sets the stage to resume exports of LNG as it boosts production

- Salma El Wardany

Egypt may stop imports of liquefied natural gas in the fourth quarter, allowing for exports to start early next year as Eni SpA’s Zohr and other gas fields boost production in the country and help to draw more foreign investment, Petroleum and Mineral Resources Minister Tarek El-Molla said. The final LNG import tender was issued to cover third quarter domestic requirements, and the fourth quarter should be “imports-free,” he said.

“I don’t think there will be more tenders beyond this, I think this is it,” El-Molla said June in an interview in Vienna.“Local production should cover our needs.”