Egypt Gets FSRU from BW Gas
By Aiswarya Lakshmi
Tuesday, August 4, 2015
Norway-based BW Gas will provide Egypt with a liquefied natural gas (LNG) floating import terminal under a five-year contract.
This comes as as the North African country's government grapples with energy shortages.
"BW has been selected by The Egyptian Natural Gas Holding Company (EGAS) to provide LNG regasification services utilizing a Floating Storage and Regasification Unit (FSRU) in Ain Sokhna, Egypt," said a statement from the company.
The floating regasification and import terminal, which converts super-cooled LNG into gas, is Egypt’s second. An import terminal from Norway’s Hoegh LNG arrived in Egypt in April, allowing Egypt to begin LNG imports.
The new terminal will have a capacity of 750 million cubic feet per day, the official said. “The terminal will arrive in the last week of September,” he said.
Carsten Mortensen, BW Group CEO, says “We are delighted to have been selected as the successful FSRU provider by EGAS and we look forward to supporting Egypt in this project of national importance. The project requires a fast track schedule – five months from project inception to first gas – which represents a record short time for implementation, and made possible because of excellent collaboration between EGAS and BW.”