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Oil & Gas

Svitzer secures 5-year contract extension for Egypt’s Idku LNG plant

Posted: June 3, 2020 at 2:11 pm   /   by   /   comments (0)

Denmark’s Svitzer, the world’s largest tugboat operator, said Tuesday it has won a contract extension to support operations at Egypt’s Idku LNG export plant.

Under the extension, Maersk’s unit Switzer will continue to assist the Egyptian LNG-operated plant with four tugs, two mooring boats and one pilot boat.

The towage company has been operating at the 7.2 million tonnes per year LNG facility located some 50 kilometers east of Alexandria since 2005.

A joint venture consisting of Shell, Petronas, Engie, and Egypt’s two main state oil and gas companies, EGAS and EGPC is operating the terminal.

Besides the LNG contract, Svitzer also secured a five-year deal with Nacala Logistics in Mozambique that includes towage, pilot transfer and potential salvage work in the Port of Nacala.

Svitzer is now operating in five African countries, namely Egypt, Angola, Morocco, Liberia and Mozambique.

(Source: Offshore Energy)