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Egypt and Qatar signed a memorandum of understanding to boost cooperation in LNG sales and imports, including terms for supplying Qatari shipments to Egypt's Ain Sokhna and Damietta ports, Egypt's petroleum ministry said on Sunday.
The agreement was signed by Minister of State for Energy Affairs, President and CEO of QatarEnergy Saad Sherida Al Kaabi, and Minister of Petroleum and Mineral Resources of Egypt Karim Badawi, in a special ceremony held at QatarEnergy's headquarters in Doha.
According to Qatar news agency (QNA), Al Kaabi said at the signing ceremony, "We are pleased to further enhance our cooperation with the Arab Republic of Egypt. This agreement builds on our recent successful cooperation with Egypt particularly with respect to the supply of LNG from QatarEnergy's portfolio."
Al Kaabi added, "This MoU further strengthens our bilateral relationship as we work jointly towards additional supplies of long-term LNG from QatarEnergy to meet Egypt's growing demand for energy to fuel its robust economic and industrial growth. We look forward to collaborating with the Egyptian Ministry of Petroleum and Mineral Resources and with all our partners in Egypt to further strengthen our cooperation and to support Egypt with its future LNG requirements."
The MoU paves the way for continued cooperation in the energy sector, including the long-term delivery of LNG from QatarEnergy to Egypt, where QatarEnergy and the Egyptian Natural Gas Holding Company (EGAS) have reached agreement for the supply of up to 24 LNG cargoes for the summer of 2026.
QatarEnergy and EGAS have also agreed to initiate discussions on additional and long-term supplies of LNG from QatarEnergy to Egypt.
Egypt produced 3,635 million cubic metres of gas in October last year, up slightly from 3,525 million cubic metres in September but down from 3,851 million cubic metres in October 2024, according to the Joint Organisations Data Initiative.
Despite the decline, Egypt's petroleum minister Karim Badawi said last week that Egypt plans to achieve self-sufficiency in oil and gas, according to a cabinet statement.
