CAIRO – 28 July 2024: Egypt and Jordan are actively considering the collaboration with an international company to manufacture a floating gasification unit, as reported by sources from Asharq Bloomberg.
This unit is designed to receive liquefied gas shipments, convert them back into gas form, and integrate them into the national grid.
Both nations are currently engaged in studies for the joint procurement of a gasification vessel to meet their import requirements.
In a recent development, the Egyptian Natural Gas Holding Company (EGAS) has entered into an agreement with the Norwegian Hoge LNG Company to lease the Hoge Galleon LNG floating unit until February 2026.
This initiative aims to reinforce local gas consumption during the summer period, as emphasized in a statement by the Ministry of Petroleum.
The process of gasification involves converting liquefied natural gas back into a gaseous state suitable for direct utilization.
The acquisition of this vessel is intended to bridge the gap between local gas production and consumption levels in both Egypt and Jordan. Furthermore, the source suggested that should gas supplies stabilize in these nations, the vessel could potentially be leased to other countries in the future.
In a recent update from July, Egypt has announced a new tender to import five shipments of liquefied gas in August and September, according to a government official who spoke to Asharq Bloomberg. The official affirmed that Egypt will continue to issue tenders for gas imports until local production increases.
Moreover, in July, Prime Minister Mostafa Madbouly revealed that Egypt's daily energy consumption has surpassed 37 gigawatts, marking a 12 percent increase from the previous year and resulting in a deficit of 4 gigawatts.
Comments
Leave a Comment