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Egypt to receive LNG imports as of April

by ChemOrbis Editorial Team -
  • 10/03/2015 (14:34)
According to local media sources, Egyptian Natural Gas Holding Company (EGAS) chairman Khaled Abdel Badie reported that Norwegian Höegh’s gasification ship will arrive in Sokhna port by the end of this month. “The duration of the gasification ship contract is five years. It aims to provide amounts of natural gas that exceed 500m cubic feet per day to meet part of the additional needs of power plants,” he added.

EGAS had offered a tender last October to import LNG from abroad. Four international companies won the tender, including British company British Gas (BG), multinational company BG, Trafigura and Noble Clean Fuels. The winners of the tender are to provide approximately 40 shipments of LNG annually to Egypt starting next April.

A basic agreement was also made with Russian company Gazprom to provide approximately 35 LNG shipments over the next five years until 2020. These come in addition to six shipments from the Algerian company Sonatrach during 2015, according to Minister of Petroleum Sherif Ismail.

On another note, a Memorandum of Understanding was signed with Cyprus to develop some discoveries related to Cypriot gas from the Aphrodite field. This will take place through creating a maritime line that extends from the Aphrodite field to Egypt. EGAS and Cypriot CH will continue these studies. Studies focused on the technical and financial details are ongoing to import gas from the Aphrodite field and provide supply to the Idku and Damietta liquidation factories, according to Abdel Badie.

Meanwhile, a US company, Noble Energy, is also considering developing a boat with facilities to produce gas from Aphrodite and pump it into a 400km pipeline to Egypt. A delegation from Noble Energy visited Egypt this month to continue negotiations with EGAS.
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