Tuesday, 02 January 2024 12:17 GMT

Qatarenergy, EGAS Sign Agreement To Supply Up To 24 LNG Cargoes To Egypt


(MENAFN- The Peninsula) The Peninsula

Doha, Qatar: QatarEnergy signed a Memorandum of Understanding (MoU) with the Ministry of Petroleum and Mineral Resources of the Arab Republic of Egypt to strengthen cooperation in the energy sector, with special focus on the supply of LNG from QatarEnergy to Egypt.

The MoU paves the way for continued cooperation in the energy sector, including the long-term delivery of LNG from QatarEnergy to Egypt, where QatarEnergy and the Egyptian Natural Gas Holding Company (EGAS) have reached agreement for the supply of up to 24 LNG cargoes for the summer of 2026.

The agreement was signed by HE Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, and HE Karim Badawi, the Minister of Petroleum and Mineral Resources of the Arab Republic of Egypt in a special ceremony held at QatarEnergy's headquarters in Doha.

In remarks at the signing ceremony, Minister Al-Kaabi said:“We are pleased to further enhance our cooperation with the Arab Republic of Egypt. This agreement builds on our recent successful cooperation with Egypt particularly with respect to the supply of LNG from QatarEnergy's portfolio.”

Read Also
  • Qatar commercial banks' assets up 5.8% to QR2.15 trillion
  • New system cuts private school licence renewal costs by 80%
  • Schools to welcome back students tomorrow

The Minister further added:“This MoU further strengthens our bilateral relationship as we work jointly towards additional supplies of long-term LNG from QatarEnergy to meet Egypt's growing demand for energy to fuel its robust economic and industrial growth. We look forward to collaborating with the Egyptian Ministry of Petroleum and Mineral Resources and with all our partners in Egypt to further strengthen our cooperation and to support Egypt with its future LNG requirements.”

QatarEnergy and EGAS have also agreed to initiate discussions on additional and long-term supplies of LNG from QatarEnergy to Egypt.

MENAFN04012026000063011010ID1110553169



The Peninsula

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Search