Egypt Plans More LNG Deals, Driving Global Competition for Fuel

Egypt is poised to boost liquefied natural gas purchases until the end of the decade, tightening the global market and raising the prospect of yet-higher import bills.

The nation is planning to buy LNG beyond the sizable volumes it’s already agreed to until 2028, as it looks to meet surging demand and fill a gap left by declining local output, according to people familiar with the situation. It has signed 10-year deals for import infrastructure and is in talks with Qatar over long-term gas supply contracts.