According to an EXIM statement, its board of directors approved the export insurance deal on Thursday.
“The authorization is expected to support LNG shipments scheduled across 2026 and 2027 under Hartree’s contracts with EGPC, expanding access to reliable American energy supplies while strengthening commercial ties between the United States and Egypt,” EXIM said.
EXIM did not provide further details regarding the LNG shipments.
In February, EXIM also approved a $400 million export insurance deal supporting Hartree Partners in exporting US LNG to Turkiye’s state-owned natural gas and LNG firm Botas.
EXIM noted that the US is now the world’s largest LNG exporter, shipping over 111 million metric tonnes in 2025 — about 20 percent of domestic production is now exported, up from just 5 percent a decade ago.
Last year, several reports said that EGPC contracted approximately 80 LNG shipments from Hartree Partners, worth $4 billion.
Egypt shifted from being an LNG exporter to an importer early in 2024 due to declining domestic gas production and rising demand for cooling amid multiple heatwaves.
In October 2025, the country launched operations at another FSRU-based facility with the arrival of the first cargo at the 138,350-cbm Energos Winter in Damietta.
The Damietta FSRU is located on the Mediterranean coast, unlike the other three vessels which are located at Ain Sukhna on the Red Sea.
