Egypt Invites Bids for 2nd LNG Import Terminal

Energy-craving Egypt has issued a tender for its second liquefied natural gas (LNG) import terminal.

“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,” Khaled Abdel Badie told Reuters.

The tender covers a five-year lease period and the terminal would be situated in Adabiya port.

As reported by World Maritime News last week, the second terminal should be received by August this year.

The ship is expected to have a capacity of producing 42 liquefied natural gas (LNG) shipments on an annual basis, and the single shipment volume capacity ranging between 140,000-170,000 cubic feet.

Egypt received its first  floating storage and regasification unit (FSRU), Höegh Gallant, at the beginning of April.

After completing all performance and commissioning tests on April 29, 2015, Höegh Gallant commenced its five-year employment in Ain Sokhna under Egyptian Natural Gas Holding Company (EGAS).

World Maritime News Staff