Egypt’s state-owned Egyptian Natural Gas Company (EGAS) and QatarEnergy have signed an agreement for the delivery of Qatari liquefied natural gas (LNG) shipments to Egypt’s Sokhna and Damietta ports, the Ministry of Petroleum and Mineral Resources announced on Sunday.
The deal follows a memorandum of understanding between Egypt’s petroleum ministry and Qatar’s Ministry of State for Energy Affairs aimed at strengthening cooperation in LNG trading and imports. The agreement is designed to diversify Egypt’s gas supply sources, support domestic demand and complement efforts to boost local gas production.
Egypt has been in talks with Qatar to secure long-term gas contracts ahead of summer 2025, as part of a broader strategy to stabilise electricity generation and return to net gas exporter status by 2027. QatarEnergy already operates six offshore areas in the Mediterranean and plans to expand exploration activities over the next five years.
Qatari investment in Egypt continues to grow, underpinned by a $7.5 billion financing package for projects across tourism, real estate, food security and development along the North Coast, as well as investments in agriculture, hospitality and renewable energy. QatarEnergy has acquired multiple stakes in offshore exploration blocks between 2024 and October 2025.
Egypt has allocated EGP 136.3 billion for electricity and renewable energy projects in FY2025/2026 to accelerate its green transition, improve efficiency and increase foreign currency inflows. While LNG imports rose 188 per cent year-on-year to 7.8 million tonnes in the first 11 months of 2025, imports are expected to fall by at least 30 per cent in 2026 as domestic production and renewable capacity expand.