Egypt Postpones LNG Delivery from BP

Egypt postponed a delivery of LNG from BP last month until later this year, reported news agency Reuters.

However, EGAS rejected this was due to any payment difficulties.

LNG tanker British Sapphire was diverted to Brazil rather than discharging in Egypt, reported Reuters on Friday, adding that traders said the delay was related to payment problems.

"This is completely untrue," EGAS Chairman Khaled Abdel Badie told Reuters, adding that deliveries had been postponed until Egypt's peak energy consumption period in August.

From being an energy exporter Egypt has turned into an importer due to falling domestic gas output. To fill the demand gas, government has been inking LNG imports deals in past many months. To facilitate imports of LNG, Egypt has taken delivery of two floating LNG terminals. Last year EGAS took delivery of FLNG terminal from BW Group and Höegh LNG.

Cairo is looking to rent a third floating terminal as well.