Egypt: LNG export resumption relieves pressure on offshore producers

Issue 427 - 19 Nov 2020

The resumption of LNG exports from the Egyptian LNG (ELNG) liquefaction terminal at Idku relieves some of the pressure on Egypt’s gas market, which has swung into a state of oversupply thanks to the global impact of the coronavirus pandemic, but local industrial consumers are still pushing hard for price reductions.

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