Skip to main content

Egypt breaks LNG export records with eye on Europe

The country recorded 10-year high sales in 2021 following a jump in global prices and resumption of production in its second liquefied gas facility, a flow local authorities hope to maintain as they try to become a regional hub and major player in the market.
Qatari liquefied natural gas carrier Duhail passes through the Suez Canal near the port city of Ismailia, Egypt, April 1, 2008.

Cairo — At the end of January, the Gaslog Glasgow departed from the liquefied natural gas (LNG) plant in Damietta, Egypt, and set course for the Gate Terminal in Rotterdam, the only LNG import facility in the Netherlands. With a capacity of 174,000 cubic meters, this was the first such shipment ever from Egypt to the Netherlands, which operates as a hub for the supply of this type of natural gas in the strategic northwest Europe.

The shipment symbolically opened the door to a new market at a particularly good time for Egyptian LNG exports. Last year, fueled by an unusually favorable context, Egypt recorded a 10-year high in LNG sales, a flow that local authorities hope to maintain at least in the short term as the country moves to position itself as a regional hub for the trade and distribution of natural gas and to become a major player in the LNG market.

Access the Middle East news and analysis you can trust

Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.


Only $100 per year.