EGAS to issue LNG tender in Q2 2018

Egypt will hold a purchase tender for liquefied natural gas (LNG) cargoes during the second quarter of 2018, an official at state-buyer EGAS told Reuters on Tuesday.

The official said Egypt is seeking the cargoes for third-quarter delivery.

Egypt has said it will halt LNG imports by end-2018.

EGAS is planning to issue a tender for an unspecified amount of LNG in 2Q2018, an unnamed EGAS source tells Reuters’ Arabic service. The shipments would be delivered the following quarter. Oil Minister Tarek El Molla had said last month that Egypt will stop importing LNG by the end of the year, by which time the country expects to reach self-sufficiency.