Pre-Trading Thoughts

The Electricity Ministry plans to carry out USD 4 bn worth of hydroelectric power projects in partnership with the private sector unnamed government sources said. Singapore’s Trafigura and Switzerland’s Vitol and Glencore have won a tender to provide Egypt with five shipments of LNG through August and September. The government secured the shipments at “favorable prices,” which can be paid back under a deferred payment plan. The government will launch new LNG tenders every three months o...