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Monday, 5 April 2021

Also on our Radar on 5 April 2021

Some 25 shipments of liquefied natural gas were exported via Egypt’s Idku LNG terminal in the first three months of 2021, sources told Youm7. More shipments will be exported from the Damietta and Idku liquefaction plants, sources added.Shipments began making their way out of the Damietta in February after the planet was brought back online after an eight-year hiatus. This comes after a dire year for Egypt’s LNG exports: Egypt completed only a few LNG shipments in 2020 after the onset of the pandemic in March as global gas prices hit record lows.

Other things we’re keeping an eye on this morning:

  • Faragalla Group plans to establish factories in Sudan and Rwanda this year and to expand its product distribution points in Africa and the GCC.
  • The Trade Ministry has extended for three months its ban on exports of beans and legumes to ensure supply in the lead up to Ramadan.
  • Al Ahly Sabbour Development has partnered with Abu Dhabi-based Reportage Properties for a real estate development in East Cairo's Mostakbal City.

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