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English news

21-Jul-2016

Egypt tenders for a third FSRU; four firms interested

Egypt tenders to lease a third floating and storage regasification unit (FSRU), offers are accepted until end of next week, and a decision will be made between August and September, according to an official. Four international firms are interested, including Norway's Hoegh, U.S. firm Excelerate Energy and Singapore-based Norwegian gas shipping company BW Gas. Hoegh delivered Egypt's first FSRU in April 2015 and BW Gas supplied the second in September. The country began imports of liquefied natural gas (LNG) last year and has since leased two FSRUs to help halt power shortages caused by falling energy production and rising consumption. (Al Ahram Online)

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