RIYADH: Qatar is on track to supply Egypt with up to 24 liquefied natural gas cargo shipments amid a new deal to meet the African country’s 2026 summer demand.
This comes as QatarEnergy has agreed on a delivery arrangement with the Egyptian Natural Gas Holding Co. The firm has also signed a memorandum of understanding with the Ministry of Petroleum and Mineral Resources of Egypt to strengthen cooperation in the energy sector, according to a statement.
This falls in line with Qatar signing long-term LNG supply agreements with a number of European and Asian countries, most notably Germany, France, and the Netherlands, as well as China and India. These deals significantly contribute to the stability of global energy supplies.
It also aligns with the framework of Qatar National Vision 2030, which aims to diversify the national economy, sustainably invest in natural resources, and strengthen the country’s role as a global energy hub.
The agreement was signed in a special ceremony held at QatarEnergy’s headquarters in Doha by the company’s President and CEO Saad Sherida Al-Kaabi — who also serves as the country’s minister for energy affairs — and Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi.
