
Contracts
July 2, 2025
Egypt awards winter LNG tender as gas deficit impacts industry
Egypt awarded a tender for 20 LNG cargoes, its first winter buy since 2018, at a $1.50/MMBtu premium over the TTF benchmark. Winners include Saudi Aramco, Glencore, BP, Shell, and TotalEnergies. Local urea production is down due to limited gas supply, and domestic gas output has significantly declined.


