Oil Egypt accountACCOUNT King Tut

Egypt Plans to Rent Third Regasification Unit by Early 2017

Source: Reuters 10/24/2015, Location: Egypt

Share |
Egypt is looking to rent a third floating storage and regasification unit (FSRU) late next year or early in 2017 as it works to plug acute energy shortages, the head of the country's gas board said.

The FSRUs let Egypt import liquefied natural gas (LNG) and convert it to natural gas to feed its power grid, which is often affected by blackouts. More recently, the gas shortfall has led to rationing among energy-intensive industries such as steel mills and fertilizer plants, sometimes halting output.

Egypt's third FSRU will be used to meet the natural gas needs of industry and boost electricity generation, head of the state-run EGAS gas board, Khaled Abdel Badie, told a news conference.

Once an energy exporter, falling oil and gas production coupled with rising consumption have forced Egypt to divert supplies to the domestic market and it is now a net energy importer.

Egypt took delivery of its first FSRU from Norway's Hoegh in April, allowing the country to begin LNG imports. The second FSRU, provided by Singapore-based Norwegian group BW Gas, arrived in September.

For more information about related Opportunities and Key Players visit Egypt Oil and Gas Projects

Egypt >>  1/11/2018 - The World Bank's Multilateral Investment Guarantee Agency (MIGA) announced that it will provide Egypt with $102.6 million in credit facilities to supp...
Egypt >>  1/11/2018 - ADES International Holding Ltd. (ADES), the London-listed company providing offshore and onshore oil and gas drilling and production services in the M...

Egypt >>  1/10/2018 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Mrs. Maria Moraeus Hanssen, CEO of the German company DEA and the accompanyi...
Egypt >>  1/10/2018 - TransGlobe Energy Corporation (TGL) (TGA) (“TransGlobe”) announces the 2018 capital budget and promotions. All dollar values are expressed in US dolla...

Egypt >>  1/8/2018 - The Minister of Petroleum and Mineral Resources, Tareq Al-Mulla, appoints Ali Fuad Badr as the Chairman of the Board of Directors of Amerya Petroleum ...
Egypt >>  12/28/2017 - Egypt is set to inaugurate a new wharf for natural gas and petroleum product tankers on the Gulf of Suez in the coming days, another step in its plan ...

Related Categories: Deodorization system  Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 

Related Articles: Gas dehydration  Gas Treating  General  GTL Processing  LNG Processing  Phase Separation 

More News

Oil & Gas Projects in Egypt >>

Oil & Gas Companies in Egypt >>

Related Links

Oil Egypt E-Marketplace - Subscription Packages - Benefits

Copyright © Universal Solutions S.A.E. All rights reserved. Privacy Policy. - Career Opportunities - Feedback - Contact Us