Egypt looks to import its highest number of LNG cargoes in years to counter the strain on its energy grid and industry.
Egypt looks to import in the coming months the highest number of LNG cargoes in years as it looks to ease the strain on its grid and industry amid energy shortages that have led to rolling blackouts this summer. Egypt ian Natural Gas Holding Co, the state gas company, is seeking to purchase at least 17 LNG cargoes for delivery over the next three months, traders familiar with the company’s tender to the market told Bloomberg.
Earlier this year, Egyptian Natural Gas Holding sought to lease a liquefied natural gas import terminal from providers of FLNG units to get ahead of the scorching summer season that routinely triggers power blackouts due to the heavier load.
LNG Natural Gas Blackouts Heat Waves Energy Grid
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China Could See Record-High LNG Imports in 2024In 2024, China could import more liquefied natural gas than ever before, with demand driven by industrial and commercial sectors.
Read more »
Higher Spot LNG Prices Could Soften Asian Imports This SummerAs spot prices for liquefied natural gas continue to rise, price-sensitive buyers in South and Southeast Asia could soften going forward.
Read more »
Saudi Aramco Looks to Buy Into U.S. LNG ProjectSaudi Aramco is in discussions to buy a stake in one planned LNG project and sign a long term LNG offtake deal from U.S. developers.
Read more »
Qatar Believes The World Will Need More LNG Projects after 2030Natural gas in energy supply is not going anywhere and its demand will only rise with growth in economies and global population, which will require additional LNG projects to come online after 2030
Read more »
Texas Freeport LNG Reportedly Operating At Full CapacityFull operations have resumed at Freeport LNG in Texas, following outages and repairs that have been ongoing for weeks, pushing American natural gas prices lower and causing a rise in LNG prices to Europe
Read more »
Heatwaves Push Asia's Spot LNG Prices To Highest Since JanuaryHeat waves in some parts of Asia and forecasts of above-average temperatures in southeast Asia and China in the coming weeks have prompted more spot LNG buying, which has raised the spot prices in Asia
Read more »