Iran War Doubles Egypt's LNG Import Bill; Output Falls, Cargoes Deferred

Egypt's LNG import costs have doubled due to the Iran war, prompting Cairo to defer cargoes into 2027 and burn fuel oil in power plants. Domestic gas output fell to 3.63 bcf/d in August as mature fields decline, and the petroleum ministry extended exploration bid deadlines to December 14. QatarEnergy has maintained force majeure on LNG deliveries since April, extended on October 28, compounding supply constraints.

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