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    Zawya: Egypt signs Deal to import LNG from Algeria

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Summary

Egypt has signed a deal to import a liquified natural gas (LNG) from Algeria, as the country seeks to ease a chronic energy shortage.

by: Sruthi

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Press Notes, Africa

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Zawya: Egypt signs Deal to import LNG from Algeria

Egypt has signed today a deal to import a liquified natural gas (LNG) from Algeria, as the country seeks to ease a chronic energy shortage.

According to oil ministry's statement released on Monday, the agreement is for six cargoes of 145,000 cubic metres of LNG from Algeria between April and September 2015.

The agreement was signed during Egyptian Minister Sherif Ismail's two-day visit to Algiers that kicked off Monday.

The statement has not mentioned the price of the natural gas, "which will fall more than before after the drop in global oil prices," a member of the delegation accompanying the Egyptian oil minister said.
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