Qatar is progressing towards providing Egypt with up to 24 shipments of liquefied natural gas under a new deal to fulfill the demand of the African nation during the summer of 2026.
This follows after QatarEnergy has struck a deal in regard to a delivery arrangement with the Egyptian Natural Gas Holding Co. According to a statement, the firm has also signed a memorandum of understanding with the Ministry of Petroleum and Mineral Resources of Egypt to enhance collaboration in the energy sector.
This is consistent with Qatar entering into long-term LNG supply contracts with several European and Asian nations, such as Germany, France and Netherlands, and China and India.
Such agreements play a major role in stabilizing energy supplies globally. It is also consistent with the directions of the Qatar National Vision 2030, which is oriented on the diversification of the national economy, long-term investment in the natural resources, and reinforcing the position of the country as a global energy center.
The deal was closed in the framework of a special ceremony in the headquarters of QatarEnergy in Doha between its President and CEO, Saad Sherida Al-Kaabi, who also acts as the minister of energy in Qatar, and the Egyptian Minister of Petroleum and Mineral Resources, Karim Badawi.
Al-Kaabi said, “We are pleased to further enhance our cooperation with Egypt. This agreement builds on our recent successful cooperation with Egypt, particularly with respect to the supply of LNG from QatarEnergy’s portfolio.”
He stated, “This MoU further strengthens our bilateral relationship as we work jointly toward additional supplies of long-term LNG from QatarEnergy to meet Egypt’s growing demand for energy to fuel its robust economic and industrial growth.”
Al-Kaabi added, “We look forward to collaborating with the Egyptian Ministry of Petroleum and Mineral Resources and with all our partners in Egypt to further strengthen our cooperation and to support Egypt with its future LNG requirements.”
The statement also indicated that QatarEnergy and EGAS have also decided to negotiate the long-term LNG supply arrangements of the firm to Egypt.
In an interview with Qatar News Agency in August, Vice Dean of Business School at Al-Bayt University in Jordan Omar Khlaif Gharaibeh told the agency that Qatar is undertaking one of the biggest expansion projects in the history of the gas industry by developing the North Field, which is the world’s largest natural gas reserve.
He noted that with this move, the production capacity of LNG will increase from 77 million tonnes per year to 126 million by 2027, an increase of more than 63 percent.
