Friday 12 July 2013

CORRECTED-Qatar's LNG gift to Egypt to find foreign firms | Reuters

"Qatar's gift of five natural gas cargoes to fuel-short Egypt will likely be signed over to the foreign partners in Egyptian export plants, GDF Suez and BG Group, as compensation for declining exports.

Doha agreed last month to donate five LNG tankers to help Cairo cover obligations to foreign firms.

It is gas which Egyptian port facilities are not equipped to import, but the cargoes will allow Egypt to devote more of its own supply to its domestic market, where energy shortages helped fuel civil unrest."

'via Blog this'

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