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Rosneft to supply 10 LNG cargoes to Egypt

Rosneft has signed a contract to supply 10 LNG cargoes to Egyptian Natural Gas Holding Co. within 2017.

Rosneft to supply 10 LNG cargoes to Egypt


According to Rosneft, a trading unit of the company on March 21, 2017, has signed a contract to supply 10 LNG cargoes to Egyptian Natural Gas Holding Co. within 2017.

Reuters reports that the 1st delivery by Rosneft Trading SA (RTSA) is expected to occur in May 2017.

This follows 3 cargoes that were delivered by the unit to Egypt in 2016.

The company reportedly said that the agreement will help to strengthen its strategic partnership with Egypt in an important area of energy security.

Reuters claims that, although Rosneft does not produce LNG, it does have plans to start production alongside ExxonMobil later in the decade.

The company declined to comment on the sourcing of the LNG cargoes for Egypt.

To read the full story in Russian.


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