QatarEnergy has announced that it has signed a MoU with the Ministry of Petroleum and Mineral Resources of Egypt to strengthen co-operation in the energy sector, with special focus on the supply of LNG from QatarEnergy to Egypt.

The MoU paves the way for continued co-operation in the energy sector, including the long-term delivery of LNG from QatarEnergy to the Arab nation.

The agreement was signed by Minister of State for Energy Affairs, President and CEO of QatarEnergy Saad Sherida Al Kaabi, and Minister of Petroleum and Mineral Resources of Egypt Karim Badawi, at a special ceremony held in QatarEnergy's headquarters in Doha.

Under this, QatarEnergy will be supplying of up to 24 LNG cargoes to the Egyptian Natural Gas Holding Company (EGAS) this summer.

QatarEnergy and EGAS have also agreed to initiate discussions on additional and long-term supplies of LNG from QatarEnergy to Egypt.

Speaking on the occasion, Al Kaabi said: "We are pleased to further enhance our co-operation with the Arab Republic of Egypt. This agreement builds on our recent successful cooperation with Egypt particularly with respect to the supply of LNG from QatarEnergy's portfolio."

This MoU, he stated, further boosts the bilateral relationship between the two countries as they work jointly towards additional supplies of long-term LNG from QatarEnergy to meet Egypt's growing demand for energy to fuel its robust economic and industrial growth. 

“We look forward to collaborating with the Egyptian Ministry of Petroleum and Mineral Resources and with all our partners in Egypt to further strengthen our cooperation and to support Egypt with its future LNG requirements," he added.-TradeArabia News Service