Egypt has issued a tender to lease a second floating liquefied natural gas (LNG) import terminal for five years, according to the head of state-owned Egyptian Natural Gas Holding Company (EGAS), Khaled Abdel Badie.
We launched yesterday a tender to lease a second LNG import terminal for a period of five years. We have sent it to eight international companies and we expect to get a reply within a week, Badie told the news agency Reuters on 4 May.
The countrys first floating LNG import terminal, supplied by Norways Hoegh LNG, arrived in April.
Egypt is currently suffering its worst natural gas shortage in decades as demand increases and domestic production declines.