Logistic
Egypt's tender for 20 winter LNG cargoes fully awarded, sources say
Egypt's recent tender seeking 20 cargoes of liquefied natural gas (LNG) to cover winter demand after a steep decline in domestic gas output has been fully awarded, four trading sources told Reuters on Friday.
This is the first time Egypt has issued a tender to cover winter demand since 2018.
The most populous Arab country has returned to being a net importer of natural gas this year, buying more than 50 cargoes so far this year and abandoning plans to become a reliable supplier to Europe.
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