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Tag: Höegh

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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EGAS to launch tender for importing LNG in January

Posted: December 27, 2017 at 12:46 pm   /   Oil & Gas

The Egyptian Natural Gas Holding Company (EGAS) plans to launch a tender for importing liquefied natural gas (LNG) shipments in January 2018, according to an official source at the company. The source added that the upcoming tender aims to secure local market needs of natural gas during the second quarter (Q2) of 2018. Meanwhile, EGAS […]

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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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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: Enterprise.press)

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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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FSRU BW Singapore hits LNG STS milestone at Egypt's Ain Sokhna Port

Posted: September 15, 2016 at 3:26 pm   /   Oil & Gas

Singapore-based gas shipping giant BW said its FSRU BW Singapore, used as Egypt’s second LNG import terminal in Ain Sokhna Port, has achieved a milestone ship-to-ship (STS) transfer. BW Singapore completed its 50th STS transfer since it started operations in Ain Sokhna in October last year, BW said on Tuesday through its social media channels. […]

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