Egypt to Export 1.42 Mln Cubic Feet of LNG in December

Egypt is set to export 8 shipments of Liquefied Natural Gas (LNG) from Idku liquefaction terminal in December, according to official sources at the Egyptian petroleum sector.

In press statements, the sources added that the shipments are estimated at 155, 000 cubic feet each, pointing out that they include some long-term contract and immediate shipments.

They indicated that two of those shipments have already exported earlier this month, while the rest will be exported during this month.

[caption id="attachment_183859" align="aligncenter" width="460"] Egypt to Export 1.42 Mln Cubic Feet of LNG in December[/caption]

It is noteworthy that the Egyptian LNG exports increased 2.6 billion cubic meters , recording 4.5 bcm during 2019, while the imports decreased to 3.2 bcm by the end of 2018 after recording zero imports in 2019, according to the BP’s Statistical Review of World Energy report.

According to the report, Egypt exported about 1.7 bcm to Europe, 2.7 bcm to Pacific and Asian countries in addition to 1 million cubic meter (mcm) to Kuwait and 1 mcm to UAE.

The report mentioned that natural gas consumption recorded 2.12 bcm in 2019 compared to 2.15 bcm at the end of 2018.

In addition, natural gas production jumped 10.9% to 64.9 bcm at the end of 2019 compared to 58.6 bcm at the end of 2018. Natural gas proved reserves recorded 2.1 trillion cubic meters during the period between 2009 to 2019, the report explained.