EGAS Goes to BW Gas for Second LNG Floating Import Terminal

The Egyptian Natural Gas Holding Company (EGAS) has contracted Singapore-based BW Gas to provide Egypt with its second liquefied natural gas (LNG) floating import terminal, scheduled to arrive off Ain al-Sokhna port in late September, Reuters reports.

EGAS and BW Gas have reportedly signed a 5-year, USD 300 million contract. The new terminal will have the capacity of 750,000 cubic meters, and will start operations mid-October.

The ship is expected to have a capacity of producing 42 liquefied natural gas (LNG) shipments on an annual basis, and the single shipment volume capacity ranging between 140,000-170,000 cubic meters, Daily News Egypt informed back in April, citing an official from EGAS.

EGAS seems to have decided to place the second LNG in Ain al-Sokhna port, as initially planned, after announcing back in April that the second terminal will be situated off Adabiya Port, due to security reasons.

Egypt’s first LNG floating import terminal – the FSRU Höegh Gallant – started operations off Ain al-Sokhna back in April. Höegh LNG Holdings and EGAS also signed a five-year contract, expected to bring an average annual EBITDA of around USD 40 million to the Oslo-listed company.

World Maritime News Staff


Share this article

Follow World Maritime News

In Depth>


<< May 2019 >>
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >

Electric & Hybrid Marine World Expo Conference 2019

Electric & Hybrid Marine World Expo Conference is the world’s only international conference…

read more >