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Oil & Gas

EGAS to issue third FSRU tender next month

Posted: March 1, 2016 at 7:06 pm   /   by   /   comments (0)

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The Egyptian Natural Gas Holding Company (EGAS) plans to issue a tender for a third Floating Storage and Regasification Unit (FSRU) during the second half of next month, according to an EGAS official. EGAS is seeking a vessel with a capacity to regasify over 600 million cubic feet (MMcf) of gas per day.

EGAS Chairman Khaled Abdel Badie had said earlier that EGAS plans the starup of the third FSRU operation during the first quarter of 2017, pointing out that it is expected that SUMED will complete preparations the pier at Ain Sokhna port to recieve the third FSRU vessel before its arrival.

EGAS had signed with SUMED a $324 million contract for utilization of Ain Sokhna Petroleum Product Hub (ASPH) Jetty, which includes  the construction of a 2.2 kilometer pier with a depth range of 15-19 meters to accommodate Floating Storage and Regasification Units (FSRU) with capacity up to 170,000 cubic meters.

Singapore-based Norwegian company BW Gas had won the tender for provision of the second FSRU to Egypt, which arrived and started operation in November 2015, with a regasification capacity of 750 million cubic feet (MMcf) per day, in preparation for pumping gas into the national grid for domestic consumption.

In November 2014, EGAS signed a 5 year contract with Norwegian company Höegh LNG to provide it with the first FSRU with a regasification capacity of 500 million cubic feet (MMcf) per day, which arrived in April 2015.

(Source: Al Shorouk News)

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