Egypt’s Growing LNG Imports Could Reshape Global Markets

Egypt continues to scramble to meet its gas demand and seeks higher purchases of LNG in the next three years than previously planned, sources with knowledge of the matter have told Bloomberg.  Egypt turned from a net LNG exporter to a net LNG importer at the end of 2024 as the country imported last year the highest number of LNG cargoes in years as it looked to ease the strain on its grid and industry amid energy shortages that led to rolling blackouts last summer.  The biggest gas discovery in the Mediterranean, Zohr, helped…