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Egypt has exported 56 cargoes of LNG from Idku and Damietta since the beginning of the year


Responsible sources in the petroleum sector revealed that about 56 shipments of liquefied gas have been exported from gas liquefaction plants in Idku and Damietta, since the beginning of this year 2021 until now.

 

The sources added, in exclusive statements to "The Seventh Day", that the coming period will witness the export of a number of liquefied gas shipments from liquefaction plants.

Egypt has gas liquefaction plants on the Mediterranean in Damietta and Idku, which opens new horizons towards maximizing Egypt’s regional role as a hub for trade and circulation of natural gas, and contributes to achieving returns for the Egyptian economy and securing energy supplies for the local market and development projects.

 

The operation of the Damietta liquefaction plant contributes to enhancing Egypt’s ability to export liquefied natural gas to European markets and making it a regional energy center in the eastern Mediterranean. The plant is expected to produce about 4.5 million tons of gas annually, which contributes to increasing the export capacity to 12.5 million tons.

 

It is noteworthy that during the month of March 2021, it was announced the entry into force of a deal comprising more than 40 agreements, which includes the settlement of all claims between Egypt and the Egyptian Natural Gas Holding Company (EGAS), Union Fenosa Gas (UFG) and the Spanish Egyptian Gas Company (SEGAS), ensuring the resumption of production at the Segas company’s Damietta natural gas liquefaction plant, increasing EGAS’ liquefaction capacity at the plant, and EGAS and the Egyptian General Petroleum Corporation (EGPC) owning 50% of Segas’ shares, with Eni owning the remaining 50%. Through this deal, Egypt and EGAS will settle the previous disputes, which arose about eight years ago with both UFG and SEGAS, in addition to strengthening Egypt’s position as a regional gas hub, by increasing the capacity to liquefy Egyptian natural gas that exceeds domestic demand or gas produced from other countries, which may Desire to benefit from the leading infrastructure in Egypt.

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