Egypt Taps Market for LNG to Ease Impact of Extreme Summer Heat
- EGAS is seeking at least 17 LNG cargoes for delivery in summer
- North African nation has already suffered rolling blackouts
Electric fans for sale outside a store during high temperatures in Cairo.
Photographer: Islam Safwat/BloombergThis article is for subscribers only.
Egypt plans to make its biggest purchase of liquefied natural gas in years as it steps up efforts to ease energy shortages amid extreme summer heat.
State-run Egyptian Natural Gas Holding Co. is asking the market for at least 17 shipments of the super-chilled fuel for delivery over the next three months, according to traders with knowledge of the tender.