Monday, 25 October 2021 05:24 GMT

Egypt’s liquefied natural gas exports estimated to rise in October

(MENAFN)Reuters quoted trading and industry sources as saying that Egypt’s liquefied natural gas exports are estimated to increase in October from the last month.

According to an industry source in Singapore and a trading source in Europe, Egypt’s natural gas company marked a sell tender on a free-on-board basis loading Oct. 31-Nov. 1 from the country’s Damietta plant.

A senior LNG analyst at data intelligence firm Kpler, Laura Page stated that “Last October we had only one cargo loading out of Egypt, but this year we’ve already had five in the first half of October alone.”

About 4.3 million tons of LNG were exported in the January-September period of 2021, increased from 0.45 Mt in 2020, as a result of increasing domestic gas obtainability and an improvement in the pricing environment.

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