Egypt has signed several deals in past months to import natural gas, which powers most of its homes and factories.
“Technical talks demand certain time to be concluded, and now the Egyptian and Russian sides seek to complete them as soon as possible,” said Badie.
In January, Egypt’s Oil Minister Sharif Ismail said Egypt had agreed with Gazprom to import 35 LNG shipments between 2015 and 2020. The annual amount could reach around 7 shipments, he said.
Egypt, which once exported gas, is going through its worst energy crisis in decades, with rising consumption and declining production turning it into an energy importer.
In October, Egypt’s authorities announced a tender to import LNG from abroad. Seven companies, including British Petroleum, Vitol, Trafigura and Golar LNG, made offers.
Source: The BRICS Post and Agencies