Egypt said to delay third LNG terminal until electricity needs determined
Egypt will reportedly delay plans to rent a third Liquefied Natural Gas (LNG) import terminal for one month (until November-end), until the Ministry of Electricity determines its LNG needs, an official at state gas buyer EGAS told Reuters on Sunday. A third floating and storage regasification unit (FSRU), an import terminal that converts LNG to natural gas to feed the power grid, is expected to arrive at end of June 2017 to handle a surge in LNG demand from new power plants coming online. (Reuters)
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