Egypt tenders second gas terminal

05 May 2015

State gas company says tender was launched on 3 May

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 country’s first floating LNG import terminal, supplied by Norway’s Hoegh LNG, arrived in April.

Egypt is currently suffering its worst natural gas shortage in decades as demand increases and domestic production declines.

Stay informed with the latest in the Middle East
Download the MEED app today, available on Apple and Androiddevices

A MEED Subscription...

Subscribe or upgrade your current package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications