'Egypt In Talks With Energy Majors Including Shell, BP And TotalEnergies For Multi-Year LNG Deal; Egypt Seeks 15-18 LNG Cargoes Per Month For 3-5 Years' - Reuters Exclusive
Egypt seeks 15 to 18 LNG cargoes monthly for at least three years, sources sayDeals could cost $8 billion to $11 billion a year, Reuters calculations showImport bill nearly tripled to $1.65 billion in March for
Egypt is trying to buy a huge amount of natural gas from big energy companies for the next few years to power its country. When big countries need lots of energy, it's a sign the economy might be growing, so watching these deals can help you understand if energy companies are doing well.
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