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Egypt invites firms to settle 45-cargo LNG tender this weekend -sources

Reuters - UK Focus

By Oleg Vukmanovic and Sarah McFarlane

MILAN/LONDON, Oct (HKSE: 3366-OL.HK - news) 9 (Reuters) - Egypt is due to settle a closely watched tender for the purchase of 45 liquefied natural gas (LNG) cargoes this weekend after concluding talks with up to seven winning suppliers, covering much of the country's near-term energy needs.

The companies that have been invited to meet with state-run Egypt Natural Gas Holding Company on Sunday are Trafigura, Vitol , Noble Group (Dusseldorf: N2X.DU - news) , EDF Trading, Gas Natural, PetroChina (HKSE: 0857-OL.HK - news) and Shell (LSE: RDSB.L - news) , trade sources said.

"The award has basically been made and the relevant companies were contacted this week," a source said, adding that details have yet to be ironed out.

(Editing by David Evans)