Egypt lifts LNG exports from Idku terminal to 1 bln cubic feet per day
11/12/2019
Egypt has increased liquefied natural gas (LNG) exports from its Idku terminal to 1 billion cubic feet per day from 300 million cubic feet last month, Al-Borsa, a financial newspaper reported.
Egypt became self-sufficient in natural gas in late 2018 and is seeking to become a regional energy trading hub by liquefying gas and re-exporting it. Idku is its only operational LNG terminal at present, though exports are also made via pipelines.
Royal Dutch Shell, Malaysia’s Petronas, France’s Engie and Egypt’s two main state oil and gas companies, EGAS and EGPC, are all shareholders in the Idku plant.
Reporting by Ehab Farouk; Writing by Amina Ismail; Editing by Jan Harvey
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