The Export-Import Bank of the United States (US Exim) has approved a $2 billion export credit insurance facility to support liquefied natural gas (LNG) shipments to Egypt, amid tightening global energy supplies linked to the Middle East conflict. The deal involves US energy trader Hartree Partners and Egypt’s state-owned Egyptian General Petroleum Corporation (EGPC), covering LNG deliveries scheduled for 2026 and 2027.
The financing is designed to strengthen energy security in Egypt while enhancing the competitiveness of US exporters in global markets. US officials highlighted that the agreement supports domestic jobs and reinforces the country’s leadership in the global energy sector. The United States, already the world’s largest LNG exporter, continues to play a central role in supplying energy to strategic partners, including Egypt.
The deal comes against the backdrop of disruptions in global gas supply, particularly due to tensions affecting the Strait of Hormuz. However, easing geopolitical tensions and a temporary ceasefire have contributed to a sharp decline in global gas prices, offering short-term relief to energy markets.
