Egypt to resume LNG exports to Europe in late November

Egypt is preparing to export its first shipment of liquefied natural gas (LNG) to Europe by the end of November via the Idku liquefaction complex. This move marks a gradual return to exports after several months of prioritizing domestic demand. The Ministry of Petroleum has resumed gas flows to the Idku facility following agreements with the Egyptian Natural Gas Holding Company (EGAS) regarding export volumes and marketing plans.

The anticipated shipment is expected to be purchased by either Shell or TotalEnergies through their trading arms. The Idku complex is owned by international partners Shell and TotalEnergies, alongside EGAS and the Egyptian General Petroleum Corporation. Each of the two liquefaction units at the complex has an annual capacity of 3.6 million tons, totaling 7.2 million tons.

While resuming exports, Egypt continues to import LNG to meet domestic needs. The government has requested to delay the receipt of approximately five LNG shipments scheduled for November due to a 100% increase in costs per shipment compared to September. Egypt has postponed roughly 15 shipments between July and November, which are now expected to be received in 2027. The government aims to restore natural gas production to previous levels by 2027 to bolster export opportunities and reduce fuel import costs.