LNG

Our data suggests Egypt’s Idku LNG shipped a rare cargo on Monday, which would mark another welcome break to the plant’s protracted market absence. However, our market visibility still does not suggest a return to regular exports from Idku LNG although spot prices are firming up. Meanwhile, Egypt’s other LNG plant – Damietta LNG – is also slated to remain offline after a deal to restart the plant fell through in April.

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