Egypt Aims to Buy More LNG Shipments to Avoid Summer Blackouts
An LNG tanker on the Suez Canal in Ismailia, Egypt,
Photographer: Dana Smillie/Bloomberg
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Egypt aims to buy more liquefied natural gas shipments over the next four months as the nation aims to avoid a repeat of last year’s chronic blackouts.
Egyptian Natural Gas Holding Co. is currently aiming to import at least one shipment a month through July or August, according to people with knowledge of the matter, who requested anonymity to discuss private details. Egypt will need at least five cargoes for the summer, one of the people said.