The Egyptian Holding Company for Natural Gas (EGAS), a state-owned entity, recently bought at least one shipment of liquefied natural gas (LNG) for immediate delivery to Jordan's Aqaba liquefaction station. Bloomberg reported that the gas is intended to be redirected to Egypt.

 

Egypt lacks facilities for liquefying natural gas, a process known as liquefaction, having previously operated a floating station in Ain Sokhna for gas imports before 2018. Egypt utilizes gas for powering its plants and cooling operations.

 

Six years ago, Egypt significantly reduced its imports of liquefied natural gas when the massive Zohr gas field bolstered domestic production, turning the country into a net exporter of fuel.

 

Presently, Egypt depends on Israeli gas to meet a portion of its domestic demand while exporting surplus gas primarily to Europe in the form of liquefied natural gas via the liquefaction plants in Idku and Damietta, with a combined production capacity of 2.1 billion cubic feet per day.

 

In January, Israeli gas supplies to Egypt surpassed pre-war levels in Gaza, increasing by 15 percent month-on-month to approximately 1.15 billion cubic feet per day.