Cabinet says Egypt will import LNG from July 2025 until June 2026 to meet demand

Egypt will import liquefied gas to cover its demand between July 2025 and June 2026. The Egyptian cabinet announced this in a Wednesday statement. It is increasing purchases to meet the power demand, despite strained finances.

According to industry sources, it was reported on 12 June that Egypt had reached agreements with several energy companies and trading houses for the purchase of 150-160 cargoes liquefied gas. This will complement Egypt's domestic production and pipeline imports to Israel.

According to the Joint Organisations Data Initiative, Egypt's production of gas has declined in recent years. It is now at 3,485 standard cubic metres, down from 6,133 standard cubic meters, which was the peak in March 2021.

The North African nation had to resort in load shedding and raise imports from Israel. They also sought foreign funding to ship LNG.

JODI data indicates that Israeli gas accounts for approximately 15-20% of Egypt’s consumption.

Egypt had to cut off gas supplies to petrochemicals and fertilizer factories when two of Israel's gas fields, Leviathan, and Karish were closed down by the conflict between Israel and Iran nearly two weeks back.

The majority of imports are liquefied gas, which is used for regasification. Only one of Egypt's three floating storage units and regasification (FSRU) is currently operational.

(source: Reuters)