EGAS books two April cargoes

The Egyptian Natural Gas Holding Company (EGAS) has reportedly managed to secure the two LNG cargoes for delivery in April despite initial difficulties. 

Khaled Abdel Badie EGAS chairman told Reuters the two cargoes for delivery in April 1-7 and April 27-28 windows, have been secured. He did not reveal the names of the winners.

Last week it was reported that EGAS struggled to close the tender it had issued earlier in March, with suppliers unwilling to arrange cargoes on such short notice.

Badie did say that talks over contracting the two 170,000 cbm cargoes are in the final stages.

It was said last week that Trafigura was lined up as the supplier for the cargo to be delivered in the second April slot but no deal was signed as EGAS attempted to bring forward the delivery date.

LNG World News Staff