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    Daily News Egypt: EGPC to Pay $2.5bn in LNG Imports During FY 2015/2016

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Summary

The Egyptian General Petroleum Corporation will import $2.5 billion worth of liquefied natural gas for power plant supply for the fiscal year 2015/2016

by: Erica Mills

Posted in:

Press Notes, Africa

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Daily News Egypt: EGPC to Pay $2.5bn in LNG Imports During FY 2015/2016

The Ministry of Petroleum has assigned importing the liquefied natural gas (LNG) needed for power plants during fiscal year (FY) 2015/2016 to the Egyptian General Petroleum Corporation (EGPC). The corporation would pay for the imported gas from its own resources.

The EGPC budget will include around $2.5bn to import LNG shipments, as well as paying for regasification ship, according to Tarek El-Mulla, Chairman of EGPC.

Read the full article HERE.

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