Gazprom delivers first LNG cargo to Egypt's EGAS

August 6, 2015

Russia's Gazprom delivered its first LNG cargo to the Egyptian Natural Gas Holding Company (EGAS) Sunday, according to market sources and Platts cFlow ship-tracking software.

The cargo was delivered by the 154,880 cubic meter Yenisei River, under long-term charter to Gazprom from LNG tanker operator Dynagas, ship brokering sources said.

The LNG was sourced from Qatar's Ras Laffan liquefaction facilities on July 22.

The two companies signed a supply agreement on March 17, with Gazprom agreeing to supply EGAS 35 cargoes over five years.

Deliveries were set to begin from the second half of 2015, with seven cargoes expected per year.

EGAS came to the market to tender for LNG volumes in late 2014, and has since then secured upwards of 70 cargoes for delivery until early 2017.

The company also recently launched a second tender seeking an additional 46 cargoes until the end of 2016.

The tender closed Sunday, and was expected to be well subscribed, according to market sources.

Copyright, Platts, 2015.