The Egyptian Natural Gas Holding Company (EGAS) has secured a new immediate liquefied natural gas (LNG) shipment, set to arrive at Jordan's Aqaba regasification terminal between May 18th and 19th, according to Asharq Business citing Bloomberg.

Following conversion at the Jordanian facility, the LNG will be transported to Egypt. This purchase comes at a premium to the Dutch Title Transfer Facility (TTF), the industry benchmark.

Egypt plans to import three LNG shipments monthly from July to October, totaling up to $120 million each month. Starting May, Egypt will halt LNG exports to prioritize domestic power plant demands.

EGAS aims to import at least one LNG shipment per month until July or August, with the latest purchase scheduled for delivery in May. Additionally, EGAS is exploring the possibility of renting a gasification ship under a renewable five-year contract.