Egypt Prepares to Resume LNG Exports

Egypt is scheduled to resume exporting liquefied natural gas (LNG) after a month-long hiatus following an increase in fuel supplies from Israel, according to Bloomberg.

The Adam LNG ship arrived at the Idku factory in Egypt, according to data reported by the Bloomberg ship tracking network.

A source familiar with Egypt's LNG exports told Bloomberg that this represents the beginning of the return of foreign shipments to the North African country

The resumption is likely to boost supplies to Europe and increase bearish signals for prices on the continent.