Reuters: Egypt to sign Gazprom LNG deal this week

Egypt will sign an agreement with Russia's Gazprom to import liquefied natural gas (LNG) this week, the head of Egypt's state gas company said on Tuesday, as the country seeks new sources of oil and gas in the face of persistent energy shortages.

"A Gazprom delegation arrived in Cairo today to negotiate the quantities of gas to provide through 2020. The agreement with them will be signed during the week," Khalid Abdel Badie told Reuters in a telephone interview.

Egypt and Gazprom agreed in principle last April to import seven LNG shipments. No details on the volumes have been disclosed.

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