Egypt agreed to buy liquefied natural gas over 2 1/2 years from suppliers including Saudi Aramco, Trafigura Group and Vitol Group, putting the country on course to be a long-term importer as local production slows.
Egyptian Natural Gas Holding Co. also struck agreements with Hartree Partners LP, BGN, Shell Plc and Azerbaijan’s Socar, according to people with knowledge of the matter. The deals will bring in as many as 290 cargoes over the period, starting next month, they said.
The move adds to import accords earlier this year and is aimed at cutting Egypt’s reliance on volatile ...
