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Egyptian Natural Gas Holding Co News

17 Dec 2015

Jordan FLNG Import Terminal Back to Full Capacity

Jordan's National Electric Power Company (NEPCO) said its floating liquefied natural import terminal was back working at full capacity after adverse weather disrupted operations earlier this month. NEPCO declared force majeure on the terminal on Dec. 5 due to strong winds requiring the floating, storage and regasification unit (FSRU) to be moved away from the jetty, a spokeswoman for the company said. At the time, the firm also informed state-run Egyptian Natural Gas Holding Co (EGAS) that it could not meet its agreement to deliver volumes transported from its FSRU through the pipeline to Egypt. Gas supplies to both Jordan and Egypt were disrupted for a few days before the plant initially resumed operation at half capacity, and then finally full capacity, the spokesperson said.

13 Oct 2015

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.