SEATTLE (Oil Monster): QatarEnergy on Sunday signed a memorandum of understanding (MoU) with the Egypt’s Ministry of Petroleum and Mineral Resources to strengthen cooperation in the energy sector, with a special focus on the supply of liquefied natural gas to Egypt.
The MoU paves the way for continued cooperation in the energy sector, including the long-term delivery of LNG from QatarEnergy to Egypt, where QatarEnergy and the Egyptian Natural Gas Holding Company (EGAS) have reached agreement for the supply of up to 24 cargoes for the northern hemisphere summer of 2026.
QatarEnergy and EGAS have also agreed to initiate discussions on additional and long-term supplies of LNG from QatarEnergy to Egypt.
The agreement was signed by QatarEnergy chief executive Saad Sherida Al-Kaabi and Karim Badawi, the Minister of Petroleum and Mineral Resources of Egypt.
“This agreement builds on our recent successful cooperation with Egypt particularly with respect to the supply of LNG from QatarEnergy’s portfolio,” said Al-Kaabi.
“This MoU further strengthens our bilateral relationship as we work jointly towards additional supplies of long-term LNG from QatarEnergy to meet Egypt’s growing demand for energy to fuel its robust economic and industrial growth.
“We look forward to collaborating with the Egyptian Ministry of Petroleum and Mineral Resources and with all our partners in Egypt to further strengthen our cooperation and to support Egypt with its future LNG requirements.”
Courtesy: www.upstreamonline.com
