{"id":324169,"date":"2021-12-12T12:01:05","date_gmt":"2021-12-12T12:01:05","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=324169"},"modified":"2021-12-13T12:03:01","modified_gmt":"2021-12-13T12:03:01","slug":"egypt-is-a-key-lng-supplier-to-turkey-in-q4-sp-global-data","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2021\/12\/12\/egypt-is-a-key-lng-supplier-to-turkey-in-q4-sp-global-data\/","title":{"rendered":"Egypt is a key LNG supplier to Turkey in Q4 \u2013 S&P Global data"},"content":{"rendered":"

Egypt has emerged as a key supplier of liquefied natural gas (LNG) to Turkey, with seven cargoes had been shipped so far in the fourth quarter, according to data<\/a> from S&P Global Platts Analytics released on December 9.<\/p>\n

Turkey is set for record high gas demand in 2021 \u2013 of as much as 60 billion cubic metres (bcm) of gas \u2013 due to strong consumption in the power sector.<\/p>\n

In addition, Ankara is facing the prospect of more of its long-term import contracts expiring in the near future after deals with Azerbaijan for pipeline supplies and Nigeria for LNG already timed out in April and October, respectively, S& P Global data showed.<\/p>\n

Turkey still has one long-term LNG contract in place \u2013 with Algeria\u2019s state-owned Sonatrach \u2013 that is due to operate until 2024, but otherwise has been taking cargoes mostly from the United States and Qatar.<\/p>\n

However, since October, Turkey has been regularly receiving shipments from Egypt\u2019s two LNG export terminals \u2014 the 7.2 million mt\/year Shell-operated Idku plant and the 5 million mt\/year Eni-operated Damietta facility.<\/p>\n

The new regular supply of LNG comes after Turkey and Egypt restored formal diplomatic relations in early 2021, almost eight years after the two countries cut off relations following a popular uprising that ousted Egyptian Islamist president Mohammed Morsi in 2014.<\/p>\n

Last week, Egyptian Petroleum Minister Tarek el-Molla said the country\u2019s natural gas exports are currently at full capacity of around 1.6 billion cubic feet per day (bcf\/d) from its two natural gas liquefaction terminals.<\/p>\n

He further said Egypt\u2019s natural gas production is stable, currently ranging between 6.5 and 7 bcf\/d.<\/p>\n

\u201cEgyptian gas has played a role in securing Europe\u2019s energy needs,\u201d the Egyptian minister told Reuters in separate comments at an EMGF conference last week. \u201cThe liquefaction units are now operating at full capacity as we try to maximise our natural gas exports in light of the rise in international gas prices.\u201d Minister el-Molla further told Reuters at the time.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt has emerged as a key supplier of liquefied natural gas (LNG) to Turkey, with seven cargoes had been shipped so far in the fourth quarter, according to data from S&P Global Platts Analytics released on December 9.<\/p>\n","protected":false},"author":4,"featured_media":319706,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[33,21],"tags":[],"class_list":["post-324169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-main","category-news"],"yoast_head":"\nEgypt is a key LNG supplier to Turkey in Q4 \u2013 S&P Global data - egy-africa<\/title>\n<meta name=\"description\" content=\"Egypt has emerged as a key supplier of liquefied natural gas (LNG) to Turkey, with seven cargoes had been shipped so far in the fourth quarter, according to data from S&P Global Platts Analytics released on December 9.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/egy-africa.com\/en\/2021\/12\/12\/egypt-is-a-key-lng-supplier-to-turkey-in-q4-sp-global-data\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt is a key LNG supplier to Turkey in Q4 \u2013 S&P Global data - 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