Russia and Egypt are strengthening their energy cooperation through plans to build liquefied natural gas (LNG) terminals in Egypt, Russian Minister of Industry and Trade Anton Alikhanov confirmed, according to Russian state news agencies on Wednesday.
During a session of the Russian-Egyptian intergovernmental committee, Alikhanov revealed to reporters the ongoing discussions regarding LNG terminal projects. "Work is underway," he said, indicating a serious commitment to cooperation.
The construction of these terminals is expected to boost the energy sectors of both countries, reflecting a strategic partnership in increasing LNG production and distribution.
Alikhanov indicated that LNG terminal construction projects are under consideration and confirmed that work is underway on these projects. The proposed terminals will be used to process and handle LNG.
Further details regarding the scope, timeline, and financial aspects of these proposed projects have not yet been disclosed.
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