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Egypt has asked for a delay on payments for energy

Egyptian authorities turned to the suppliers of liquefied gas and oil with the request to extend the time of payment for delivery from 15 to 90 days.

In addition, it was decided to cancel six orders for liquefied natural gas.

The reason for this step – an acute shortage of foreign currency caused by the crisis in tourism after the explosion of a Russian passenger plane and a reduction in aid from Persian Gulf countries.

Recall that in Egypt it was recently discovered a large Deposit of natural gas, however, prior to his commissioning in a few more years.




Egypt has asked for a delay on payments for energy 24.12.2015

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