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Egypt Scrambles to Secure LNG Amid Rising Gas Shortfall
The Business NG
|The BusinessNG
Egypt is urgently seeking to boost its natural gas supply as domestic production declines, triggering concerns over meeting the country’s growing energy needs, especially during the peak summer period.
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According to market reports, the Egyptian government is negotiating to purchase between 40 and 60 cargoes of liquefied natural gas (LNG), valued at approximately $2 to $3 billion at current market prices.
This story is from the The BusinessNG edition of The Business NG.
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