Update: EGAS receives first Rosneft LNG cargo

(Updated with Rosneft statement, 06.05.2016.)

The Egyptian Natural Gas Holding Company (EGAS) has received its first cargo from Russia’s Rosneft. 

The two companies agreed a term sheet in August last year, under which Rosneft would deliver 24 cargoes of LNG to Egypt through a two-year period.

However, only nine deliveries have been agreed in the final deal, according to Reuters.

The first cargo has been delivered to Ain Sokhna onboard the 160,000-cbm Golar Ice LNG carrier, Rosneft said in a statement on Friday.

The company said that this is the first LNG cargo delivered in its operational history, adding that the cargo has been acquired through a spot contract.

Egypt that has turned a net importer over the course of last year, due to falling production, increased domestic consumption and gas shortages, has deployed two FSRUs in Ain Sokhna that serve as the country’s import terminals.

The Höegh Gallant FSRU, provided by Höegh LNG, began operations in April last year, while the FSRU BW Singapore, provided by BW, has been in full operation since October 2015.

LNG World News Staff