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Egypt Returns to LNG Exports Club Seeking to Sell Cargoes

  • EGAS seeking to sell fuel in April-June as global prices sag
  • African nation halted most exports in 2014 as production fell
Updated on

Egypt indicated it’s ready to rejoin the club of major exporters of liquefied natural gas, making its biggest offer to supply the market in at least five years.

The state gas company EGAS tendered to sell four cargoes of LNG for loading in April, people with direct knowledge of the matter said. The bids are due on Monday and valid until March 25, according to the people, who asked not to be named because details of the process are confidential. The company is also marketing four cargoes for loading in May and three for June, people said.