Published by
Callum O'Reilly,
Senior Editor
LNG Industry,
Noble Group Ltd and the Egyptian Natural Gas Holding Company (EGAS) have signed a contract in which Hong Kong-based commodity trading house, Noble Group will deliver a total of seven LNG cargoes to EGAS.
The first shipment will be made in April this year and the contract will continue for two years.
Adapted from press release by Callum O'Reilly
Höegh LNG newbuild FSRU to become Egas import terminal in Egypt at Red Sea port.
Egypt is set to look to other nations for the supply of LNG but remains hopeful that LNG supply from the Gulf state will not cease due to political tensions.
Concerns for the energy sector in Egypt have been raised following a terrorist attack against a gas pipeline in the Sinai peninsula.
The ongoing problems in Egypt threaten to damage the global LNG and oil markets if the unrest continues and spreads.