Egypt in Talks to Buy LNG Through 2030 to Offset Weak Production

Egypt is looking to buy liquefied natural gas through the end of the decade, a move to meet surging summer power demand and supplant flagging domestic production.

The government is in discussions with LNG suppliers for contracts that last through 2028 to 2030, according to people with direct knowledge of the matter, who asked not to be identified because the talks are private. The move is also intended to reduce reliance on the volatile spot market, the people said.