EGAS Completes Tender for 2 LNG Cargoes for April Delivery
Egypt has purchased two liquefied natural gas (LNG) cargoes for April delivery from two international companies, EGAS Chairman Khaled Abdel Badie told Reuters on Sunday, without specifying which two companies won the tender. EGAS launched a tender earlier this month, open only to some of its existing suppliers, for the delivery of one cargo on April 1-7, and another on April 27-28. Badie said two shipments for 170 thousand cubic metres each were successfully tendered for and EGAS was "in the final stage of contracting". Traders told Reuters last week that EGAS had so far failed to make purchases from suppliers, some of which were hesitant to arrange delivery on short notice.
EGAS: BP LNG Cargo Postponed, Denies Payment Trouble
Egypt's state-owned EGAS said on Friday it had postponed a liquefied natural gas (LNG) delivery from BP last month until later this year, rejecting suggestions there were any payment difficulties. LNG tanker British Sapphire was diverted to Brazil rather than discharging in Egypt. Traders said the delay was related to payment problems. "This is completely untrue," EGAS Chairman Khaled Abdel Badie told Reuters, adding that deliveries had been postponed until Egypt's peak energy consumption period in August. Egypt became a major market for LNG shippers after the launch of two floating import terminals last year. Badie said Egypt is looking to rent a third floating storage and regasification unit (FSRU) in the first quarter on 2016.
Egypt Picks 7 Winners in Tender for 55 LNG Cargoes
Seven companies reportedly met with Egyptian Natural Gas Holding Co. (EGAS) to discuss an liquified natural gas (LNG) tender, including: Vitol, Noble Group, Trafigura, EDF Trading, PetroChina, Shell and Gas Natural, reports Reuters. EGAS will buy 55 LNG cargoes from November this year to December 2016 through a tender it has agreed to with those seven different companies. Originally, only 45 LNG cargoes were to be delivered. The cargoes are expected to meet much of Egypt's near-term energy needs as the government tries to cope with an energy shortage. Falling output and rising demand have turned the country from an oil and gas exporter to net importer and it has emerged as a major new market for LNG.
BW Gas Floating LNG Terminal Arrives in Egypt
A second liquefied natural gas (LNG) import terminal arrived in Egypt without cargo on Wednesday and will start operating in the third week of October, state gas board EGAS head Khaled Abdel Badie told Reuters. The floating storage and regasification unit (FSRU) provided by Singapore-based Norwegian gas shipping company BW Gas will allow Egypt to import LNG and reconvert it to natural gas to feed into the energy-starved country's power grid. Reporting by Abdelrahman Adel
Egypt, Russia Pact for LNG Shipments
The Egyptian Natural Gas Holding Company (EGAS) signed an initial agreement with Russian company Rosneft to supply oil products and liquefied natural gas (LNG) shipments. The document defines key terms of the future cooperation between the companies in the area of LNG supplies. The implementation of the terms of the signed document will allow Rosneft to access the high growth potential Egyptian gas market and deepen broader cooperation between the two companies. Minister of Petroleum…
Egypt's $3 Bln LNG tender in June
Egypt is reportedly to issue a tender in early June to buy up to $3 billion of liquefied natural gas over 2016 and 2017, Reuters reports. The country recently secured 90 cargoes of the liquefied natural gas, majority of which came through a $2.2 billion tender. The second tender is aimed to secure supply to the second floating storage and regasification unit (FSRU) the country is looking to set up. The first tender was awarded to Vitol, Noble Group and Trafigura. The Egyptian Gas Holding Company’s chairman Khaled Abdel Badie said the bidding for the second FSRU will end this month. "We aim to issue a tender to issue LNG shipments during the first half of June... The tender aims to provide the needs for the new import terminal," Abdel-Badee added.
Tender for second Egypt LNG Terminal Issued
Egypt has issued a five-year tender to lease a second liquefied natural gas (LNG) import terminal, the head of the state gas board told Reuters on Monday, seeking to tackle an energy crisis. Egypt was once an energy exporter but declining oil and gas production and increasing consumption has forced the government to divert energy supplies to the domestic market, turning the country into a net energy importer. "We launched yesterday a tender to lease a second LNG import terminal for a period of five years. We have sent it to eight international companies and we expect to get a reply within a week," Khaled Abdel Badie said in a telephone interview. The floating regasification and import terminal, which converts super-cooled LNG into gas, would be Egypt's second.
