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El Molla visits SUMED’s Ain Sokhna LNG Project

Posted: July 10, 2017 at 2:39 pm   /   Oil & Gas

Trial runs have begun at the Arab Petroleum Pipelines Company (SUMED)’s USD 415 million LNG pier at Ain Sokhna port, Ahram Gate reports. The project — which aims to receive LNG and pump it through the national grid, in addition to receiving, storing and transporting fuel to the domestic or export — is a crucial […]

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Report: Egypt cuts LNG deliveries to seven cargoes per month

Posted: June 15, 2017 at 5:46 pm   /   Oil & Gas

Egypt, that currently imports ten cargoes of liquefied natural gas per month is set to cut its imports down to seven monthly deliveries by September. Speaking to Reuters, an official at the Egyptian Natural Gas Holding Company (EGAS) said the imports will be further reduced to five monthly deliveries with the start-up of production at […]

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FSRU Höegh Gallant receives 100th LNG cargo in Ain Sokhna

Posted: June 13, 2017 at 5:10 pm   /   Oil & Gas

Norway-based floating LNG giant, Höegh LNG said its floating storage and regasification unit (FSRU) Höegh Gallant received the 100th cargo in Ain Sokhna. The FSRU entered commercial operation, serving as Egypt’s import terminal, in late April 2015, as the country pushed to secure gas supply and reduce power shortages. It serves under a five-year charter […]

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BW Singapore

BW Singapore FSRU moves to SUMED port in Egypt

Posted: June 8, 2017 at 8:16 pm   /   Oil & Gas

Singapore-based gas shipping giant BW said its FSRU BW Singapore has been relocated to the SUMED port, Egypt to continue its contract with the Egyptian Natural Gas Holding Company (EGAS). The FSRU so far served as Egypt’s second import terminal in the port of Ain Sokhna, starting full operation October 2015. In a brief social […]

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Hoegh FSRU

Höegh Gallant begins periodical maintenance, to operate at full capacity during the summer

Posted: May 10, 2017 at 3:35 pm   /   Oil & Gas

Norway’s Höegh began periodical servicing and maintenance operations last week on its Egypt-anchored Höegh Gallant floating storage and regasification, Al Borsa reports. The FSRU, a key part of Egypt’s natural gas import infrastructure, will be back at operating at full capacity throughout the summer months, re-gasifying 500 mmcf/d. (Source:

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El Molla: Egypt committed to repaying $3.5 billion to foreign oil firms

Posted: January 26, 2017 at 12:11 pm   /   Oil & Gas

Egypt is committed to repaying the $3.5 billion it owes in arrears to foreign oil companies but a foreign currency shortage has made the drawing down of those debts more difficult, Petroleum Minister Tarek El Molla said on Tuesday. “We are committed and we will continue decreasing the numbers as we have done over the […]

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EGAS eyes 100 LNG cargoes in 2017

Posted: December 29, 2016 at 1:18 pm   /   Oil & Gas

The Egyptian Natural Gas Holding Company (EGAS) has reportedly set sights on 100 LNG cargoes for 2017 to cover the country’s demand for natural gas. Sources told Reuters that Egypt will pay around US$2.2 billion for LNG to be imported in 2017. It was reported in November that EGAS secured 60 cargoes for delivery in […]

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EGAS confirms postponed commissioning of third FSRU

Posted: December 14, 2016 at 4:26 pm   /   Oil & Gas

EGAS confirmed it has delayed commissioning a third FSRU that was scheduled for this month to an unspecified date in the future, according to Ahram Gate. The decision confirms statements by the Oil Ministry earlier this month. A source at EGAS said the delay follows an increase in natural gas production nationally in November to […]

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Egypt delays third LNG terminal citing lack of need

Posted: December 2, 2016 at 1:39 pm   /   Oil & Gas

Egypt will delay plans to rent a third liquefied natural gas import (LNG) terminal because the market does not need it in 2017, Petroleum Minister Tarek El Molla told local financial newspaper al-Borsa on Thursday. El Molla did not say how long the delay would be for. Once a net energy exporter, Egypt began importing […]

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Egypt delays third FSRU tender until electricity needs determined

Posted: November 7, 2016 at 1:02 pm   /   Oil & Gas

Egypt will delay plans to rent a third liquefied natural gas import (LNG) terminal for one month, until the ministry of electricity determines its LNG needs, an official at state gas buyer EGAS told Reuters on Sunday. “We decided to delay holding the tender for one month (until end-November) until an agreement is made with […]

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