Egypt’s EGAS completes tender

Egypt has purchased two liquefied natural gas (LNG) cargoes for April delivery from two international companies, EGAS Chairman Khaled Abdel Badie told Reuters on Sunday, without specifying which two companies won the tender.

EGAS launched a tender earlier this month, open only to some of its existing suppliers, for the delivery of one cargo on April 1-7, and another on April 27-28.

Badie said two shipments for 170 thousand cubic metres each were successfully tendered for and EGAS was “in the final stage of contracting”.

Traders told Reuters last week that EGAS had so far failed to make purchases from suppliers, some of which were hesitant to arrange delivery on short notice.