Egypt's domestic supplies hit a seven-year low in September 2024, driven by reduced output from the Zohr gas field and higher power consumption.

Egypt has signed deals worth about $3 billion with Shell and TotalEnergies to secure 60 cargoes of liquefied natural gas (LNG) to cover demand for 2025, three trading sources told Reuters.

Egypt has signed deals worth ~$3B with Shell (SHEL) and TotalEnergies (TTE) to secure 60 cargoes of liquefied natural gas to cover most of the country's demand for 2025.

Egypt has secured 60 cargoes of liquefied natural gas (LNG) for 2025 through agreements with Shell and TotalEnergies valued at approximately $3 billion, Reuters reported on Thursday. Egypt, the Arab world’s most populous nation,