Egypt to charter third FSRU late next year

Egypt is reportedly on the lookout for a third floating storage and regasification unit to be set up in late 2016 or early 2017.

According to the Egyptian Natural Gas Holding company’s head, Khaled Abdel Badie, the third FSRU would provide gas to the industry and power generators, Reuters reports.

Egypt’s industries recently had to start rationing power, even stopping production due to electricity shortages.

The country has already chartered two floating storage and regasification units, the Höegh Gallant provided by Höegh LNG and the FSRU BW Singapore provided by the Singapore-based BW.

Both FSRU’s are moored in Egypt’s port of Ain Sokhna.

LNG World News Staff; Image: BW