Egypt and Russia to finalise Gazprom LNG deal

Egypt is set to complete an agreement with Russia's Gazprom for the company to supply it with liquefied natural gas (LNG) shipments before the end of January.

The North African country agreed in principle last April for Gazprom to supply seven LNG shipments to help it meet gas supplies needed to face its worst energy crisis in decades.

A Gazprom delegation would visit Egypt in mid-January, Egyptian Oil Minister Sharif Ismail told Reuters on Sunday.

If successful, the Gazprom deal would be the second LNG import agreement since Egypt finalised a deal for the necessary import infrastructure in November.