Suez Canal Authority and Ministry of Petroleum ink LNG deal
Published by Jessica Casey,
Editor
LNG Industry,
Egypt’s Suez Canal Authority (SCA) and Ministry of Petroleum have signed a memorandum of understanding (MoU) to advance a major green-energy infrastructure project, including the development of an LNG liquefaction and bunkering station in El-Raswa, Port Said.
The agreement will secure gas supplies for the planned liquefaction and storage facility and deepen co-operation between the SCA and oil-sector companies as technical and executive procedures move towards completion.
The Ministry of Petroleum – through the Egyptian Natural Gas Holding Company (EGAS) – has held months of consultations with the SCA and gas opera-tors.
The project has undergone detailed feasibility studies with support from international institutions in South Korea, co-ordinated with the planning and international co-operation ministries. The SCA has also signed a separate MoU with its Korean counterparts outlining project parameters, implementation conditions, and economic assessments, with final approvals now underway.
SCA Chairman, Osama Rabie, said: “The LNG station underscores the canal authority’s strategy to align with global shifts in maritime transport towards cleaner fuels, in line with International Maritime Organization emission-reduction goals. The station will serve the authority’s fleet of tugboats and ferries being converted to run on LNG, forming part of a broader plan to upgrade navigational and logistics services and reinforce the Suez Canal’s global competitiveness.”
Read the article online at: https://www.lngindustry.com/liquefaction/24112025/suez-canal-authority-and-ministry-of-petroleum-ink-lng-deal/
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