Egypt imported 17 shipments of LNG in Q1/fiscal year 2018-2019 worth $500M
9/30/2018
CAIRO, (Reuters) - Egypt imported 17 shipments of liquefied natural gas (LNG) in the first quarter of fiscal year 2018-2019 worth $500 million, Petroleum Ministry spokesman Hamdi Abdelaziz said.
Egypt said on Saturday it will stop importing natural gas after its final liquefied shipments arrived last week.
The country will save $1.5 billion yearly by no longer importing LNG, Abdelaziz added.
Egypt imported 76 LNG shipments in 2017-2018 worth $1.8 billion. (Reporting by Amina Ismail Editing by Raissa Kasolowsky)
Sign up to Receive Our Newsletter
- Cheniere signs deal with Bechtel to expand U.S. LNG export capacity
- TC Energy approves $1.5-B Columbia Gas expansion after profit tops estimates
- Baker Hughes’ fuel flexible NovaLT™ 16 gas turbine certified by RINA for marine propulsion
- Commonwealth LNG FID attracts global syndicate of leading banks
- Dozens injured, 18 missing after blast during restart at giant Qatar LNG site
Comments