TASS: Egypt to Sign LNG Deal with Russia’s Gazprom in Coming Days

Egypt expects in the coming days to finalize agreements with four major foreign suppliers of liquefied natural gas (LNG), including Russian energy giant Gazprom, the Al-Yaum As-Sabia daily news portal has reported.

The report quoted the chairman of the state-run Egyptian Natural Gas Holding Company (EGAS), Khaled Abdel Badie, as saying that a joint agreement is due to be signed with the foreign corporations that won a tender for the supplies of 14.1 million cubic meters.

Under the agreement, 74 shipments of natural gas will be sent to Egypt over two years. The first shipments are due to begin in April after the first bloc of a floating LNG terminal at the Ain Sokhna port on the Red Sea is put into operation.

Speaking on the deal with Gazprom, Abdel Badie said a delegation from the Russian energy giant arrived in Cairo on Tuesday to complete the negotiations on gas deliveries from Russia. MORE