Egypt To Lease Natural Gas Terminal ...Middle East

OILPRICE - Economy
Egypt To Lease Natural Gas Terminal
source : OILPRICE ( Middle East ) () 116
State-run Egyptian Natural Gas Holding Co is planning to lease a natural gas import terminal from providers of FLNG units, anonymous sources told Reuters this week. EGAS is hoping to find a willing participant for a five-year contract with the option of extending it, the source suggested. So far, Egypt has already purchased one LNG shipment scheduled to deliver sometime in May, but it has plans to purchase more in an attempt to get ahead of the scorching summer season that routinely triggers power blackouts due to the heavier load. This batch of…

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