Egypt Daily News – Egypt seeks to import between 155 and 160 liquefied gas shipments during the next year, to fill the gap between the local market’s actual need for natural gas and local production, according to a government official who spoke on condition of anonymity.
He estimated the cost of importing liquefied gas shipments during 2025 at “about $8 billion, according to an average price of $48 million to $50 million per shipment and which is the country’s needs for imported gas during the next year.”
As Egypt’s production of natural gas declined, the country turned again to importing liquefied gas beginning of this year, after it had stopped importing in 2018, with the support of new gas discoveries at the time, led by the Zohr field.
Egypt worked to increase the quantities of natural gas available in the country, in order to meet its needs, which prompted it to agree on up to 50 shipments of liquefied gas from last April until now, and it also postponed some shipments to the first quarter of 2025.
Egypt intends to continue importing liquefied gas from abroad until 2029-2030 to meet the country’s needs, in light of the natural decrease in the fields, which has reduced the country’s production to 4.3 billion cubic feet per day of natural gas, as daily needs reach about 6 billion cubic feet and increase in the summer, according to an official.
