Egyptian Minister of Petroleum Sherif Ismail announced that an initial agreement has been made with Russia’s Gazprom to supply around 35 shipments of liquefied natural gas (LNG) over the coming five years distributed over seven shipments of LNG annually, according to Alborsa newspaper.
The minister stressed that Egypt will gain access to Russian and Algerian LNG shipments at global prices, determined at the time of supply.
Ismail pointed out that a delegation from the Russian company will visit Egypt mid-Jan to finalize the agreement.
