However, Egypt’s LNG exports sharply declined in 2024, falling by 84 percent to 0.540 million tons, down from 3.38 million tons in 2023. This drop was attributed to a natural gas shortage due to ...

The agreement aims to foster investment and trade relations through the development of an integrated industrial and logistics zone at Damietta Port, spanning 6 million square meters across two phases.

The gas will be transported to Egypt’s Zohr facilities, processed, and then liquefied at the Damietta LNG plant for export to European markets. Egypt’s president Abdel Fattah El-Sisi and ...

The agreement provides a framework allowing the Cronos gas to be processed in the existing Zohr facilities offshore Egypt and then liquefied in the Damietta LNG plant in Egypt, for export to ...

The agreement outlines a framework enabling the "rapid development" of the Cronos gas discovery via the Eni's existing Zohr offshore facilities in Egypt waters to the Damietta liquefied natural ...

This agreement, the statement said, together with the one signed for the restart of Damietta liquefaction plant last year – after an eight-year hiatus – will provide LNG cargoes for overall ...

(Bloomberg) — Gas flows to Egypt’s two LNG exports facilities have resumed in an unusual move after the country had to turn to imports to meet domestic demand. Deliveries of feedgas to the Damietta ...