Egypt is organizing tenders to purchase large quantities of gas this summer with the possibility of deferring payment for up to six months.

These new conditions make prices slightly higher, as Egypt is expected to pay more than the usual price to ensure its access to gas.

Sources in the Egyptian energy market indicate that Egypt will have to pay an additional premium on the price of gas, between one and two dollars per million British thermal units above the basic price, to secure the required quantities of gas.

Egypt expects to receive most of these shipments through the port of Ain Sokhna on the Red Sea, while some other shipments will be received at the port of Aqaba in Jordan.

Egypt faces economic challenges, including a shortage of hard currency and overdue debts to major companies, which makes the situation more difficult in light of these major tenders.
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