Egypt's EGAS Floats Tender for FSRU

Egyptian Natural Gas Holding Company (EGAS) has issued a tender for a floating storage and regasification unit (FSRU) which it hopes to use by next April, EGAS's deputy chairman Khaled Abdel Badie told Reuters.

The country plans to rent it, Abdel Badie said. "It is expected to be used by next April. We hope so. It depends on the offers."

Egypt can export LNG but cannot import it without such a terminal, of which there is a global shortage, Reuters said.

Qatar, the world's largest LNG exporter, agreed in May to donate five cargoes of LNG to Egypt and initial talks were held to acquire at least 13 more.

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