Tuesday, December 13, 2016

Egypt cancels tender to rent third LNG regasification terminal - REUTERS

December 13, 2016
Reporting by Ehab Farouk; writing by Asma Alsharif; editing by Louise Heavens

CAIRO (Reuters) - Egypt has cancelled its tender to rent a third natural gas import (LNG) regasification terminal as it is no longer needed, Oil Minister Tarek El Molla told Reuters on Tuesday.

"The tender to rent a third regasification terminal was cancelled due to a lack of need for it and until we reassess the gas production capacity of Egypt and the consumption levels over the next few years," he said.

Once a net energy exporter, Egypt began importing liquefied natural gas (LNG) last year and has leased two floating and storage regasification units (FSRU) already to help avert power shortages caused by falling energy production and rising consumption.

ENTERPISE - Wednesday, 14 December 2016
EGAS confirms postponed commissioning third FSRU

EGAS confirmed it has delayed commissioning a third FSRU that was scheduled for this month to an unspecified date in the future, according to Ahram Gate. The decision confirms statements by the Oil Ministry earlier this month. A source at EGAS said the delay follows an increase in natural gas production nationally in November to 4.45 bcf/d, 600 mcf/d more than the volume in April, as more fields came onstream and the projected increases in output. Egypt currently imports the equivalent of around 1 bcf/d in LNG, regasified using the Höegh Gallant and BW Singapore FSRUs as well as getting excess natural gas regasified by the FSRU docked in Aqaba, Jordan.