12:08 PM EST, 02/06/2025 (MT Newswires) -- Shell (SHEL) and TotalEnergies (TTE) signed liquefied natural gas deals with Egypt worth about $3 billion to supply 60 cargoes to satisfy demand for 2025, Reuters reported Thursday, citing three trading sources.

The country, which became a net natural gas importer last year, abandoned plans to supply Europe after a sharp drop in domestic production, the report said.

Shell declined to comment, and TotalEnergies and Egypt's petroleum ministry didn't respond immediately to requests for comment, Reuters said.

The companies and the ministry didn't respond immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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