Egypt weeks away from upping its security of gas supply with another FSRU

July 16, 2025, by Melisa Cavcic

A floating storage and regasification unit (FSRU), owned by Energos Infrastructure, formed by a joint venture between the U.S. energy infrastructure player New Fortress Energy (NFE) and Apollo Global Management, has secured a multi-year deal for deployment at a liquefied natural gas (LNG) import terminal in Egypt.

FSRU Energos Winter; Source: Energos Infrastructure

The five-year charter will enable the 138,250-cubic-meter (cbm) FSRU Energos Winter, which is owned by Apollo-managed Energos and chartered to NFE, to work for the Egyptian Natural Gas Holding Company (EGAS) at the LNG import terminal in Damietta, Egypt. The 2004-built unit will join the FSRU Energos Eskimo in the Middle Eastern country as early as August 2025.

Chris Guinta, CFO of New Fortress Energy, commented: “We are pleased to reinforce our relationship with EGAS by way of our deployment of a second FSRU to Egypt. This deal enhances NFE’s goals of providing reliable and cost-effective energy across the globe.”

This comes months after the FSRU Energos Power came to Egypt, as part of a set of four units EGAS booked to bolster energy security. To this end, the FSRU Energos Eskimo, slated to start operations this summer, will remain at Ain Sokhna for ten years.

Yasseen Mohamed, Executive Managing Director of EGAS, highlighted: “EGAS is pleased to strengthen its long-standing partnership with New Fortress Energy through the execution of a second regasification service agreement.

“Under this agreement, NFE’s second FSRU, Energos Winter, will provide regasification services at the Damietta terminal, contributing to the security of natural gas supply for the Arab Republic of Egypt over the next five years.”

Egypt’s first FSRU, Hoegh Galleon, deployed in July 2024, is set to be replaced by Hoegh Gandria once Seatrium is done with converting the LNG carrier to an FSRU, which is expected to work at Egypt’s Sumed Port for a decade, starting in Q4 2026.