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Egypt to purchase 5 gas shipments in August & September 2024

The official confirmed that Egypt will permanently issue tenders to import gas until local production rises again.

By: Business Today staff

Wed, Jul. 24, 2024

Egypt has launched a new tender to import five shipments of liquefied gas next August and September, according to a government official who spoke to Asharq Bloomberg.

The official confirmed that Egypt will permanently issue tenders to import gas until local production rises again.

Recently in July, Prime Minister, Mostafa Madbouly, said that Egypt’s daily energy consumption exceeded 37 gigawatts, an increase of 12% over last year, which means a deficit of 4 gigawatts.

Madbouly added that the government will accelerate renewable energy projects to help bridge the gap and reduce energy imports.

Recently in July, The Egyptian Ministry of Petroleum and Mineral Resources announced that will soon receive two shipments of liquefied natural gas (LNG) at the Port of Sokhna. Each shipment has a capacity of approximately 145,000 tonnes, according to a government official who spoke to Al Arabiya Business.

These 2 shipments are expected to arrive within the next 10 days.

Egypt has launched an international tender in July to import approximately 740,000 tons of petroleum products next August, according to sources who spoke to Asharq Bloomberg.

The imported materials are divided into 400 thousand tons of diesel, 170 thousand tons of gasoline, and 170 thousand tons of butane.