Egypt raised natural gas supply cuts to fertilizer and methanol companies to 33%, up from a previous 20%, effective November 8. The government cited surging LNG import costs. Mopco confirmed receiving notice, while Abu Qir Fertilizers said it took technical measures to keep two of its three plants operating at full capacity. Affected companies plan to reschedule periodic maintenance to limit operational disruptions, and the Egyptian General Petroleum Corporation purchased six cargoes of high-sulphur fuel oil for November and December delivery to support energy needs.
The cut followed an earlier 20% reduction, while Abu Qir disclosures pointed to tighter restrictions on plants without publishing a confirmed figure for the company’s cut.
Read the full storyMOPCO says production is being managed according to available gas volumes, while the government has postponed LNG cargoes contracted for November as spot purchase costs rise.
The new cut took effect on November 8 as Cairo seeks to reduce its reliance on costly LNG imports, while MOPCO says it is monitoring production in line with available supplies.