Egypt to import $3.55 billion worth of LNG in 2015-2016

Newspaper Title: Economic Times

Newspaper Number:

Tuesday - 14 April 2015

CAIRO: Egypt will import around $3.55 billion worth of liquefied natural gas (LNG) in the 2015-2016 financial year, an official at state-owned Egyptian General Petroleum Corporation (EGPC) said on Tuesday. 

Egypt moved closer to easing its chronic power shortages this month with the arrival of a floating import terminal marking the start of imports of super-cooled LNG. 

Egypt has exported LNG in the past, but the new terminal will allow the country to begin imports.