“Rosneft” has put in Egypt its first shipment of LNG

“Rosneft” has put in Egypt its first shipment of LNG


Moscow. May 6. “Rosneft” has put its first batch of liquefied natural gas in Egypt under the contract with Egyptian Natural Gas Holding Company, said in a statement.

Agreement on LNG supply was signed in August 2015 between the trading unit to Rosneft – Rosneft Trading SA and Egyptian Natural Gas Holding Company.

LNG was delivered on the tanker GOLAR ICE in the port of ain Sokhna. Delivery – the first ever operating activities of Rosneft. LNG was purchased on the international market for spot contracts.

The company report notes that structural change in the market trading of LNG, expressed in growth of volume of spot transactions, open up broad prospects for increasing potential trading division to Rosneft. The combination of spot contracts with long term will allow oil companies in the future to maximize the economic efficiency of transactions, thus guaranteeing a stable sales channel for LNG.