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. Egyptian 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.
Egypt, which aims to become a regional gas hub, has been exporting LNG to Europe from its terminals on the…Egypt Turns to LNG Imports to Counter Blackouts
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