Egypt News

Egypt's LNG exports rose to 1.6 bcm in Q4 2020, cabinet says

CAIRO, March 23 (Reuters) - Egypt’s exports of liquefied natural gas (LNG) rose to 1.6 billion cubic meters (bcm) of equivalent gas during the last quarter of 2020, a cabinet statement showed on Tuesday.

Egypt exported 17 shipments of LNG during the period from October to December, up from just six in the first quarter of 2020, the statement said.

The country’s exports of LNG shipments have reached 8 to 9 each month since the beginning of 2021, the cabinet said.

Egypt’s Damietta gas liquefaction plant has restarted on February, the petroleum ministry said. The north coast plant, with annual capacity of 7.56 billion cubic metres, has been shut since 2012, amid legal disputes.

The plant is expected to produce about 4.5 million tonnes of gas annually, which will help boost export capacity to 12.5 million tonnes, the cabinet said on Tuesday. (Reporting by Moamen Said Attalah; Writing by Mahmoud Mourad; Editing by Clarence Fernandez)