Net Gas Importer News

Egypt launched the world's biggest tender for liquefied natural gas (LNG) as officials from top energy companies and trading houses converged on Cairo undeterred by new rules that could force them to wait for as long as six months to get paid. After months of speculation and delay, state-run Egypt Natural Gas Holding (EGAS) released tender documents on Sunday bidding to secure 96 LNG shipments in 2017 and 2018, participants in the tender told Reuters. An additional 12 optional cargoes were included in the tender, which EGAS may decide not to award, they said. At a price-tag of several billion dollars, it is the biggest mid-term LNG buy tender ever issued, trade sources said.

Floating LNG market poised for increased investment and activity, report finds. Douglas-Westwood (DW) forecast total expenditure of $64.4bn from 2014-2020 in its new FLNG market report. Two-thirds of this spend is attributed to liquefaction infrastructure, while the remaining is from import and regasification facilities. The previous seven-year period saw minimal investment in floating liquefaction infrastructure, however, with the introduction of floating LNG vessels, global FLNG Capex is expected to experience significant increase over the next seven years.