Egypt

Egypt to export 90% of its LNG quota to EU countries this year, says minister

Published on : 2022-11-29

Egypt will be ramping up its exports of liquefied natural gas (LNG) this year, which is expected to exceed eight million tonnes in 2022, up by 14 percent compared to 2021, amid the scramble among European countries for gas supplies to tide over this winter.

Egyptian Oil Minister Tarek el Molla said 90 percent of Egyptian LNG exports this year will be destined for European Union countries.

“We have to take into account the growing needs of the Egyptian domestic market in the short term and the increase in supplies from neighboring Eastern Mediterranean countries in the long term,” the Egyptian minister said in a media statement.

El Molla added the companies will focus on reducing emissions from research, exploration and production operations while stepping up their activities, which will give Egypt a competitive edge.

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