Egypt is asking its liquefied pure gasoline suppliers to delay shipments scheduled for the remainder of the 12 months on weaker-than-expected demand.
State-owned importer Egyptian Pure Gasoline Holding Co. has requested suppliers to defer not less than 20 shipments slated for supply by means of December, in accordance with individuals with data of the matter. The cargoes can be rescheduled for supply within the first quarter of 2026, mentioned the individuals, who requested to not be recognized as a result of the data is not public.
Egypt’s power ministry didn’t instantly reply to a request for remark exterior of regular enterprise hours.
- Advertisement -
The request comes as Egypt, which solely grew to become a internet importer of the gasoline in 2024 and greater than doubled the quantity of LNG it purchased this 12 months, struggles to evaluate its demand. The nation bought a big quantity of shipments earlier in 2025, with a few of the offers having a component of flexibility.
Weaker imports into Egypt will assist to release provide for patrons in Europe, who’ve been pressured to acquire extra LNG to switch Russian pipeline gasoline. This might assist push down costs of the gasoline.
What do you suppose? We’d love to listen to from you, be a part of the dialog on the
Rigzone Power Community.
The Rigzone Power Community is a brand new social expertise created for you and all power professionals to Converse Up about our trade, share data, join with friends and trade insiders and have interaction in knowledgeable group that may empower your profession in power.
