RIYADH: Qatar is on track to supply Egypt with up to 24 liquefied natural gas cargo shipments amid a new deal to meet the African country’s 2026 summer demand.
This comes as QatarEnergy has agreed on a delivery arrangement with the Egyptian Natural Gas Holding Co. The firm has also signed a memorandum of understanding with the Ministry of Petroleum and Mineral Resources of Egypt to strengthen cooperation in the energy sector, according to a statement.
This falls in line with Qatar signing long-term LNG supply agreements with a number of European and Asian countries, most notably Germany, France, and the Netherlands, as well as China and India. These deals significantly contribute to the stability of global energy supplies.
It also aligns with the framework of Qatar National Vision 2030, which aims to diversify the national economy, sustainably invest in natural resources, and strengthen the country’s role as a global energy hub.
The agreement was signed in a special ceremony held at QatarEnergy’s headquarters in Doha by the company’s President and CEO Saad Sherida Al-Kaabi — who also serves as the country’s minister for energy affairs — and Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi.
“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,” said Al-Kaabi.
He added: “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.
“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 further revealed that QatarEnergy and EGAS have also agreed to discuss long-term LNG supply arrangements from the firm to Egypt.
Speaking to Qatar News Agency in August, Vice Dean of Business School for Academic and Quality Assurance at Al-Bayt University in Jordan Omar Khlaif Gharaibeh said that Qatar is currently investing in one of the largest expansion projects in the history of the gas industry through the development of the North Field, which is the world’s largest natural gas deposit.
He noted that with this step, the production capacity of LNG will rise from 77 million tonnes per year to 126 million by 2027, an increase of more than 63 percent.
