Sources: Egypt To Import 3 LNG Cargoes From France's Engie For 2Q 2018
CAIRO, Feb 18 (Reuters) - Egyptian Natural Gas Holding Company (EGAS) has arranged for the delivery of three liquefied natural gas (LNG) cargoes from France's Engie in the second quarter of 2018, EGAS sources said on Sunday.
Trade sources told Reuters last month that Egypt was looking to import five cargoes of LNG at competitive pricing.
Two trade sources said the purchases were arranged through bilateral deals and not via a standard tender process.
Egypt plans to stop importing LNG by the end of the 2017/18 fiscal year ending in June as it speeds up production at recently discovered gas fields, the petroleum minister said in January.
(Reporting by Ehab Farouk; Writing by Nadine Awadalla; Editing by Susan Fenton)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Weatherford CEO's Rebound Plan Relies On Getting Smaller
- Iran Says Oil Market Is Too Tight For US Zero Exports Target
- China's Squeezed 'Teapots' Eye Petchem Path To Riches
- Baker Hughes: US Drillers Add Oil Rigs For Second Week In Three
- Venezuela Hands China More Oil Presence, But No Mention Of New Funds