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Egypt to import LNG from Russia’s Gazprom till 2019

Egypt to import LNG from Russia’s Gazprom till 2019
Photo Credit: Arabianeye - Reuters
Egypt Gas
EGAS
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Cairo – Mubasher: The Egyptian Natural Gas Holding Company (EGAS) signed an agreement to import liquefied natural gas (LNG) from Russia's Gazprom till 2019.

In March, Egypt and Russia sealed a deal, under which the former would import 35 LNG cargoes from Russia's Gazprom over five years.

The deal stipulates that Gazprom starts delivering the shipments in the second half of this year.

Egypt has suffered from an energy crunch since 2008, most evident in the summer as the hot weather leads to higher consumption of electricity.