U.S. Deputy Secretary of State Christopher Landau speaks during Global Refugee Asylum System meeting, in New York City, U.S., September 25, 2025.
The multi-year arrangement will see Hartree Partners deliver liquefied natural gas (LNG) cargoes to Egypt’s existing import terminals and the country’s regasification facilities. The supplies are intended to support Egypt’s domestic energy requirements, particularly during periods of peak seasonal demand and as the country works to maintain stable electricity generation.
Egypt, which became a net gas importer again in recent years after a period of self-sufficiency, operates two floating storage and regasification units (FSRUs) at Ain Sokhna on the Red Sea and at Aqaba in Jordan, with the latter primarily serving Egyptian needs through cross-border arrangements.
The agreement with Hartree Partners is expected to provide flexible, market-based volumes that complement Egypt’s existing portfolio of long-term contracts and spot purchases. Deliveries under the new framework are scheduled to begin in 2026 and continue over several years.
The selection of Hartree Partners follows a competitive international tender process conducted by the Egyptian Natural Gas Holding Company (EGAS) and Egyptian General Petroleum Corporation (EGPC). Several global trading houses and producers participated in the bidding.
Deputy Secretary Landau highlighted the deal during public remarks in Washington, noting that it demonstrates growing energy cooperation between the United States and Egypt. The transaction will utilize U.S.-origin LNG from various Gulf Coast export terminals, contributing to Egypt’s supply diversification strategy.
Egypt has significantly expanded its LNG import capacity in recent years and continues to position itself as a regional energy hub, with plans to maintain re-export capabilities when domestic demand allows.
The $4 billion figure represents the estimated total value of deliveries over the contract duration at prevailing market prices. Actual volumes and pricing will adjust according to annual delivery schedules and international LNG benchmarks.
Hartree Partners, a global energy trading and logistics firm headquartered in New York, has been active in Mediterranean and Middle Eastern markets and maintains offices and operational teams supporting LNG transactions worldwide.
The agreement adds to a series of recent commercial developments aimed at securing reliable natural gas flows to Egypt, where state utilities are working to balance rising electricity consumption with available domestic production and imported supplies.
No specific delivery volumes or exact contract duration were disclosed in the initial announcement, but industry sources indicate the framework could cover several dozen cargoes over multiple years, depending on final terms to be negotiated between Hartree and Egyptian state entities.
