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EGAS awards tender for 55 cargoes of LNG

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LNG Industry,

According to Reuters, seven companies reportedly met with Egyptian Natural Gas Holding Co. (EGAS) to discuss an LNG tender, including: Vitol, Noble Group, Trafigura, EDF Trading, PetroChina, Shell and Gas Natural.

Reuters now reports that EGAS will buy 55 LNG cargoes through a tender it has agreed to with those seven different companies. Originally, only 45 LNG cargoes were to be delivered.

EGAS reportedly said in a statement: “Head of EGAS, Khaled Abdel Badie, said that bids from seven companies had been accepted out of a total of 12 for the shipping of 55 cargoes starting this November and through December 2016.”

The LNG cargoes will be delivered to Egypt’s floating import terminal – the BW Singapore, which has a capacity of 600 – 700 m3/d. The deliveries will begin as of the start of November 2015, and will help solve Egypt’s increasing energy shortage.

Edited from various sources by David Rowlands

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