Egypt imported 17 shipments of LNG in Q1/fiscal year 2018-2019 worth $500M
9/30/2018
CAIRO, (Reuters) - Egypt imported 17 shipments of liquefied natural gas (LNG) in the first quarter of fiscal year 2018-2019 worth $500 million, Petroleum Ministry spokesman Hamdi Abdelaziz said.
Egypt said on Saturday it will stop importing natural gas after its final liquefied shipments arrived last week.
The country will save $1.5 billion yearly by no longer importing LNG, Abdelaziz added.
Egypt imported 76 LNG shipments in 2017-2018 worth $1.8 billion. (Reporting by Amina Ismail Editing by Raissa Kasolowsky)
Sign up to Receive Our Newsletter
- Freeport LNG export plant in Texas reports shutdown of liquefaction train
- TotalEnergies and Mozambique announce the full restart of the $20-B Mozambique LNG project
- Five energy market trends to track in 2026, the year of the glut
- RWE strengthens partnerships with ADNOC and Masdar to enhance energy security in Germany and Europe
- Venture Global wins LNG arbitration case brought by Spain's Repsol
Comments