Egypt to lease 10-year floating LNG unit starting mid-2025

Updated 12/5/2024 8:04:00 AM
Egypt to lease 10-year floating LNG unit starting mid-2025

Arab Finance: Egypt is set to lease the Energos Eskimo, a floating storage and regasification unit (FSRU), by mid-2025, unnamed sources familiar with the matter told Bloomberg.

The vessel will be relocated from Jordan’s Aqaba terminal to Ain Sokhna on Egypt’s Red Sea coast under a 10-year lease agreement with the state-owned Egyptian Natural Gas Holding Company (EGAS).

The Energos Eskimo, controlled by New Fortress Energy and owned by shipping firm Energos, will serve as Egypt’s second LNG import terminal.

Related News