Posted on August 22, 2013

QNA said late Monday the tanker left Ras Laffan terminal on August 9, a week after the first cargo. Doha agreed in June to supply Egypt, which suffers frequent power cuts, with five shipments to cover some of its needs, which increase during the hot summer. The total amount agreed has not been revealed, but traders say the shipments will cover some of the gap in supply to Egypt, which has borrowed billions of dollars from abroad and delayed payments to oil companies and other suppliers.

The five shipments will probably be signed over to foreign partners at the Egyptian LNG Idku export plant, GDF Suez and BG Group, after Egypt failed to meet all their needs with domestic gas. The cargoes from Qatar will help Egypt meet demand for its exports, helping Cairo channel more gas to the domestic market. LNG producer Egypt has curbed exports in recent years due to supply shortages and growing domestic needs.


source: Gulf Times

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