• 19 Jan 2015

Shell is expected to start supplying LNG to Egypt this year, a senior company official said Wednesday.

Platts quoted Shell's Middle East and North Africa region vice president, Mounir Bouaziz, as saying that the company will supply the North Africa nation with 1 million mt/year of LNG, starting this year.

Speaking at the Gas Arabia Summit in Dubai, Bouaziz, said the agreement was an indication that LNG is becoming the solution of choice.

The regional LNG market was evolving rapidly due to flexible contract terms and because floating LNG receiving technology made possible the comparatively rapid "plug in" of gas supplies where needed, and in situations involving unforeseen changes in demand, Plattsquoted Bouaziz as saying.

Egypt has been looking to source LNG from various sources as country’s domestic demand for gas rises amid declining supplies.

Source: Naturalgasasia