LNG demand in the Middle East is expected to rise by 80 percent this year.
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Egypt received a cargo of liquefied natural gas from Australia after the exporter sent two shipments to the region in the past two years, signaling increasing demand.The Woodside Rogers tanker arrived at Egypt's Ain Sokhna terminal Thursday after loading at Australia's Dampier port on May 12, according to ship-tracking data on Bloomberg. Vitol, the world's biggest independent oil trader, agreed to supply Egypt with nine cargoes this year and next. Egypt also has LNG deals in place with Trafigura Beheer BV, Noble Group Ltd., Sonatrach Petroleum Corp. and OAO Gazprom. In 2014, Australia sent just one cargo, less than 0.1 million metric tons, to the Middle East with Dubai as the destination.
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