Sunday, April 23, 2017

Egypt plans to defer shipments of LNG causing jitters in world market - ENTERPRISE PRESS

Sunday, 23 April 2017

There are jitters in the LNG market over Egypt’s planned deferral of some 25 shipments of LNG this year and more in 2018, various sources tell Reuters.

The nation’s appetite for LNG imports will decrease further once Egypt’s major gas developments come online, starting with the supergiant Zohr field this fall.

Only a small portion of the deferrals have so far been agreed with Egypt’s LNG suppliers so far.