Oslo-based company applies to bring LNG to Cyprus from 2021 - CYPRUS MAIL

April 2, 2020

Elias Hazou

An Oslo-based company has formally applied to bring liquefied natural gas (LNG) to Cyprus starting in the first half of 2021.

In a press release, Höegh LNG Holdings Ltd said its subsidiary, Höegh LNG Ltd, has applied for an LNG infrastructure ownership, operations and development licence in Cyprus.

Their proposal entails the use of a floating, regasification and storage unit (FSRU).

“The plan consists of using one of Höegh LNG’s Fsru’s as a fast track solution for the required fuel switching, thereby reducing air emissions, cutting EU emission taxes, enabling savings on fuel costs and reducing electricity price per KWh for local consumers,” the company said.

EBRD lends Egypt USD 200 mn to improve natural gas infrastructure - ENTERPRISE

Thursday, 28 December 2017

The European Bank for Reconstruction and Development (EBRD) is lending Egypt USD 200 mn to “finance the modernization of selected gas infrastructure facilities.” The EBRD loan “will be extended to the Egyptian Natural Gas Holding Company (EGAS) and its subsidiary Egyptian Natural Gas Company (GASCO) to fund the introduction of state-of-the-art technologies to recover waste heat from gas turbines used to drive gas compressors. The recovered heat will be used to produce additional energy, which will drive new electric compressors and replace fuels on-site. The introduction of new technology will lead to a reduction of over 250,000 tonnes of carbon-dioxide equivalent (CO2e) per year.” Oil Minister Tarek El Molla says “the EBRD will also provide technical assistance in addition to the USD 200 mn loan, which will contribute to the upgrading of gas metering systems throughout the Egyptian gas transmission network, a key step towards an efficient and cost conscious use of energy.”

LNG stations to be established in Turkey - DAILY SABAH

30.1.2017

The Energy Market Regulatory Authority (EPDK) has taken an important step after Turkey's first floating liquefied natural gas plant, a visionary project headed by Energy and Natural Resources Minister Berat Albayrak, was put into use in İzmir's Aliağa district. The EPDK decided to establish LNG stations following a regulatory amendment. Particularly in trucks and buses, the use of LNG, which is the application area, is being promoted to reduce carbon dioxide emissions and encourage environmentally friendly transportation.

In line with the board decision taken by the EPDK, the Natural Gas Market License Regulation will be amended. Wholesale license holders with LNG stations will be able to carry out the sale of LNG for use as fuel in road vehicles at the facilities they establish at a certain addresses. In this way, only license holders will be able to sell LNG at the facilities that are subject to their licenses. Other wholesale companies selling natural gas throughout the country are obliged to take separate licenses if they want to sell LNG used as fuel for road vehicles. The LNG, which is a field of application primarily in vehicles such as trucks and buses, is not used for small vehicles since it is not suitable for storage. With the new regulation, the use of natural gas will be extended and the emission of carbon dioxide will be reduced to promote environmentally friendly transportation.