Reuters: Egypt's EGAS Has Tendered for at Least 48 LNG Cargoes

Egypt's state-owned gas company EGAS has tendered to buy at least 48 cargoes of liquefied natural gas (LNG) for delivery in 2015/16, three traders said.

A senior official at EGAS confirmed that there was a tender for multiple LNG cargoes during Egypt's 2015/16 financial year, which runs from July 2015 to June 2016, but declined to say how many cargoes.

The official told Reuters that the result of the tender was due by the end of this month and that seven companies had bid, adding that the contract would be split among multiple companies. MORE