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FINANCIAL NEWS
Qatar to repeal new LNG pacts with Egypt
27 Jul 2017
(MENAFN) Qatar posted that it will not accept the new offers by third-party traders to get fresh liquefied natural gas (LNG) supplies to Egypt, increasing fears that a diplomatic strains aid both sides could limit local energy trade.
Furthermore, top LNG producer Qatar covers almost 60% of Egypt’s LNG needs while ties are not stable as Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut relations and ordered new sanctions on the gas-rich Gulf state last month against Qatar.
Never the less, after gulf row, offers by about two firms to buy extra LNG from Qatar have been canceled without explanation.
MENAFN2707201700450000ID1095662637
MENAFN2707201700450000ID1095662637
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