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Egyptian Plan to Supply Europe's LNG Gets Boost as Plant Reopens

  • Trader expected to load shipment at Damietta terminal Feb. 21
  • Cargo is first since 2012 for Egypt’s second LNG facility
Updated on

Egypt is close to restarting its second liquefied natural gas plant after an eight-year hiatus, as the North African nation seeks to become one of Europe’s main suppliers of the fuel.

Vitol Group, the world’s largest independent oil trader, is expected to load a cargo at the Damietta port in northern Egypt, according to people with direct knowledge of the situation. It will be the first shipment from the facility since 2012.