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Egypt reduced oil purchases, making a bit on LNG

August, 08 2025

Egypt has refused to purchase more than 2 million barrels of oil, revising import plans amid a temporary suspension of gas supplies from Israel. Instead, the country has increased purchases of liquefied natural gas (LNG).The state oil company EGPC canceled about half of the 14 previously planned shipments of fuel oil – about 350 thousand tons, or 2.2 million barrels. The company also asks traders to postpone the delivery dates for previously concluded contracts.The increase in LNG imports was ma... Read More

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