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QatarEnergy, Egypt sign MoU to expand LNG cooperation

The agreement aims to boost LNG supplies to Egypt and strengthen regional energy cooperation.

QatarEnergy, Egypt sign MoU to expand LNG cooperation
[Source photo: Krishna Prasad/Fast Company Middle East]

QatarEnergy has signed a Memorandum of Understanding (MoU) with Egypt’s Ministry of Petroleum and Mineral Resources to strengthen cooperation in the energy sector, with a particular focus on the supply of liquefied natural gas (LNG) from QatarEnergy to Egypt.

The agreement was signed by Saad Sherida Al Kaabi, Minister of State for Energy Affairs and President and CEO of QatarEnergy, and Karim Badawi, Egypt’s Minister of Petroleum and Mineral Resources, during a ceremony held at QatarEnergy’s headquarters in Doha.

According to Qatar news agency (QNA), Al Kaabi said, “We are pleased to further enhance our cooperation with the Arab Republic of Egypt. This agreement builds on our recent successful cooperation with Egypt, particularly with respect to the supply of LNG from QatarEnergy’s portfolio.”

Al Kaabi added, “This MoU further strengthens our bilateral relationship as we work jointly towards additional supplies of long-term LNG from QatarEnergy to meet Egypt’s growing demand for energy to fuel its robust economic and industrial growth. We look forward to collaborating with the Egyptian Ministry of Petroleum and Mineral Resources, as well as with all our partners in Egypt, to further strengthen our cooperation and support Egypt in meeting its future LNG requirements.

The MoU paves the way for continued cooperation in the energy sector, including the long-term delivery of LNG from QatarEnergy to Egypt. Under the agreement, QatarEnergy and the Egyptian Natural Gas Holding Company (EGAS) have agreed to supply up to 24 LNG cargoes during the summer of 2026.

The two parties have also agreed to begin discussions on additional and longer-term LNG supply arrangements from QatarEnergy to Egypt.

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