# Egypt Seeks Rare LNG Cargoes for Winter, Squeezing Supply

> Egypt is seeking about 17 LNG cargoes for its Ain Sukhna floating terminal plus three for Aqaba, Jordan, for delivery from October to December, a rare winter purchase. The tender adds a new buyer on Europe's doorstep. European gas prices rose as much as 4% after the report.

- Date: 2024-09-06 · published 2024-09-06T12:00:00.000Z
- Category: trade · region Egypt · magnitude medium
- Page: https://feedsoft.ai/events/28496-egypt-seeks-rare-lng-cargoes-for-winter-squeezing-supply
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A new winter buyer competing for LNG cargoes tightens global supply and supports gas prices, which raises energy and fertilizer costs for feed producers.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2017-11-03 | [LNG Prices Climbing As China Scrambles To Secure Supply \| OilPrice.com](https://feedsoft.ai/events/68164-lng-prices-climbing-as-china-scrambles-to-secure-supply-oilprice-com.md) | +13.7% | +8.5% |
| NATGAS | 2021-12-21 | [LNG cargoes diverted toward Europe from Asia as gas prices soar \| Reuters](https://feedsoft.ai/events/43782-lng-cargoes-diverted-toward-europe-from-asia-as-gas-prices-soar-reuters.md) | -5.2% | +14.7% |
| NATGAS | 2017-11-03 | [LNG prices soar as China faces winter gas crunch \| LNG Industry](https://feedsoft.ai/events/10192-lng-prices-soar-as-china-faces-winter-gas-crunch-lng-industry.md) | +13.7% | +8.5% |
| NATGAS | 2018-01-01 | [China Winter Gas Binge Pushes It Toward No. 2 LNG Buyer Spot](https://feedsoft.ai/events/67657-china-winter-gas-binge-pushes-it-toward-no-2-lng-buyer-spot.md) | -13.3% | +2.7% |
| NATGAS | 2026-09-01 | [European winter stockpiling lifts US LNG exports in August](https://feedsoft.ai/events/17651-european-winter-stockpiling-lifts-us-lng-exports-in-august.md) | -0.3% | +6.1% |

## Sources

- gcaptain.com: https://gcaptain.com/egypt-seeks-rare-lng-cargoes-for-winter-squeezing-supply/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.