Idku LNG Benefits from Price Firm-up

Wednesday, 18 November 2020

Our data shows shipments from Egypt’s Idku LNG accelerated in November following an isolated shipment in late October. The plant saw a protracted market absence with only sporadic exports between March and October this year. We think a price firm-up for both Brent and spot LNG has changed market conditions back in favour of a more sustained string of exports from the Idku LNG plant, with the Cape Ann already lined up this week to take Egypt’s fifth November cargo offering.

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