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4mo ago

Egypt Seals LNG MoU With Qatar to Deliver 24 Cargoes for Summer

The move targets peak-season supply security, reflecting Egypt’s push to reinforce its Eastern Mediterranean gas hub role.

Workers fixing transformers near Damascus. To generate power, Syria will start using Egypt’s existing infrastructure, such as floating regasification units. Reuters
The agreements were signed between the petroleum ministries of the two countries, the Ministry of Petroleum and Mineral Resources said in a statement issued on Monday. Image: @MOPEgypt
A Qatari LNG carrier passes through the Suez Canal near Ismailia. Egypt will now receive 24 LNG deliveries through the summer from Doha. AFP
MoU signing ceremony; Source: Egypt's Ministry of Petroleum and Mineral Resources

Overview

  • EGAS and QatarEnergy signed an MoU in Doha and finalized an executive mechanism to route Qatari LNG to Egypt’s Sokhna and Damietta terminals.
  • Cairo is set to receive at least 24 LNG cargoes through the summer high-demand period, according to statements from both governments.
  • The agreement outlines frameworks for joint investment and technical cooperation, with QatarEnergy planning further exploration and drilling in Egypt’s Mediterranean blocks.
  • The deal follows Israel’s recently approved Leviathan export pact to Egypt, reported at up to $35 billion through 2040, which officials in Cairo have described as purely commercial in nature.
  • Egypt has also concluded commercial agreements with Cyprus to channel Cypriot gas into its infrastructure, as domestic output declines from a 2021 peak and mature fields such as Zohr taper.