Egypt Plans to Get Second FSRU at Adabiya Port

Egypt is preparing Adabiya port in Suez in order to receive the second LNG regasification unit, Daily News Egypt reported Monday.

Originally, Sokhna Port was set to receive the unit but would not happen due to security reasons.

A senior Egyptian Natural Gas Holding Company (EGAS) official said that a committee, which was set up to look into the issue, said that the Adabiya port can be prepared within a period of three to six months so that it can receive the second gasification ship to import an additional 500m cubic feet of gas daily.

According to the official, EGAS is negotiating with a number of foreign companies to supply the regasification unit by the end of this year, Daily News Egypt reported.

Earlier this month, Hoegh Gallant floating storage and regasification unit (FSRU) from Norway's Hoegh LNG arrived in Egypt on the Gulf of Suez. In November last year, Hoegh LNG finalised a five year deal with EGAS to supply FSRU by the end of first quarter of 2015.

Höegh LNG had signed a Letter of Intent (LOI) with EGAS in May last year for the use of one of its FSRU as an LNG import terminal in the port of Ain Sokhna, located on the Red Sea's Gulf of Suez. The FSRU was scheduled to start operations in the third quarter of 2014 but was delayed.