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End of an era: The Höegh Gallant leaves Egypt, sets U.S. destination

Posted: October 21, 2018 at 1:49 pm   /   Oil & Gas

The Höegh Gallant floating storage regasification unit (FSRU), until recently the final critical link in Egypt’s natural gas import chain, left Egypt on Thursday, ending an era of gas imports and ushering Egypt’s re-emergence as a regional gas export hub. The FSRU set course for the US Sabine Pass production facility, according to Reuters. Höegh […]

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Hoegh Gallant

Egypt, Höegh LNG rework FSRU Gallant contract

Posted: October 16, 2018 at 4:26 pm   /   Oil & Gas

Höegh, EGAS rework FSRU Höegh Gallant deal. Höegh LNG said it has decided to amend the Höegh Gallant FSRU time charter with Egypt Natural Gas Holdings Company (EGAS). Under the amended contract, the Höegh Gallant will be chartered as an LNG carrier to a third party, and EGAS will compensate for the rate difference between […]

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Egypt to end Höegh Gallant FSRU's contract in mid 2018

Posted: March 5, 2018 at 4:56 pm   /   Oil & Gas

The Oil Ministry is reportedly planning to end its five-year contract for the Höegh Gallant FSRU in mid-2018, EGAS sources tell Al Borsa on Wednesday. The move, which comes on the back of Egypt’s plan to begin exporting gas by 2019, would end the contract one year ahead of schedule, presumably with the payment of […]

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El Molla: “Egypt will stop importing LNG by end of the year”

Posted: February 5, 2018 at 5:52 pm   /   Oil & Gas

Is the Oil Ministry backtracking on ending LNG imports in July? “Egypt will stop importing LNG by the end of the year,” Oil Minister Tarek El Molla said at a press conference yesterday, according to Reuters. El Molla had announced last week that Egypt will end LNG shipments by mid-2018, which in retrospect, appears to […]

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Infographic: FSRU projects in the Eastern Mediterranean (MESP)

Posted: October 26, 2017 at 9:31 pm   /   Oil & Gas

FSRU projects in the Eastern Mediterranean. (Source: Middle East Strategic Perspectives – MESP)

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Egypt to cut LNG imports to 80 cargoes as domestic gas output grows

Posted: August 15, 2017 at 9:21 pm   /   Oil & Gas

Egypt is reportedly planning to significantly scale down imports of liquefied natural gas (LNG) in the current financial year as its domestic gas production continues to rise. Egypt aims to import 80 cargoes of the chilled fuel during the 2017-18 financial year that began in July, Reuters reported on Sunday citing the country’s Petroleum Minister […]

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Wood Mackenzie Podcast: Egypt’s Upstream Renaissance

Posted: August 10, 2017 at 12:44 pm   /   Oil & Gas

Over the last few years there has been a resurgence in Egypt’s upstream sector boosted by several offshore gas discoveries, most notably the Zohr discovery. The Zohr discovery, made by Eni in August 2015, is the largest gas discovery ever in the Mediterranean, and the first phase of production there is set to begin late […]

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FSRU BW Singapore hits LNG STS milestone in Egypt

Posted: August 2, 2017 at 3:04 pm   /   Oil & Gas

BW LNG’s first floating storage and regasification unit (FSRU) has completed its 100th STS transfer on 22 July 2017, the company said in a brief statement through its social media channels. BW Singapore was earlier this year relocated to the port in SUMED from the port of Ain Sokhna. The FSRU started serving as Egypt’s […]

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Egypt's booming gas sector means return to self-sufficiency and chance to overcome economic, social problems

Posted: July 19, 2017 at 1:32 pm   /   Oil & Gas

Egypt: gas to the rescue A booming natural gas sector means a return to self-sufficiency and a chance to overcome some of Egypt’s economic and social problems. The crews of liquefied natural gas carriers which deliver weekly cargoes to Egypt will soon be taking their last look at Ain Sokhna port on the Red Sea. […]

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Egypt to stop using one of FSRUs at Ain Sokhna by early next year

Posted: July 12, 2017 at 8:19 pm   /   Oil & Gas

In a sign that we may be heading towards becoming an energy hub by 2018, the Oil Ministry is letting go of one of the two FSRUs at Ain Sokhna next year, just as production from the Eni’s Zohr field comes online later this year, Oil Minister Tarek El Molla tells Al Borsa. He tells […]

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