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Project Insights

Egypt launches tender for third FSRU

Egypt is in the market for another FSRU as it seeks to bridge the supply-demand gap while it waits for new fields to come onstream Egypt is in the market for another FSRU as it seeks to bridge the supply-demand gap while it waits for new fields to come onstream.
By Rachel Williamson 29 June 2016 Middle East & Africa / LNG 0 20870
Suez Cement’s El Minya cement plant. EGAS is talking to industrial users to manage gas use. (Suez Cement)

Egypt launched its long-anticipated tender for a third FSRU on Tuesday – in time to keep up with next year’s energy requirements and just before several major fields start production.

The tender will close in two weeks, and the new FSRU will enter operation in the second quarter of 2017, a ministry official told Interfax Natural Gas Daily.

The tender is for a vessel with a capacity of 21.24 million cubic metres per day (MMcm/d). It will be moored at a third, yet-to-be built pier at the...