Egypt has resumed loading LNG cargoes after months of absence from the export market, adding a further supply buffer for Europe as prices continue dipping.


A ship controlled by TotalEnergies SE loaded at the Idku liquefied natural gas terminal in Egypt Thursday (10/5) before making a possible voyage to an import terminal in Europe, according to shipping and navigational data from Kpler. It is the first vessel to pick up an LNG cargo from Egypt since July.

Egypt’s Minister of Petroleum and Mineral Resources Tarek El-Molla recently told news media that the country’s export plans were still under review, but it was preparing to resume exports after intense summer heat spiked domestic gas consumption. Egypt could be able to supply cargoes into April 2024 before having to retain...