A floating regasification unit will dock in Egypt next week: Ain Sokhna will receive the floating LNG regasification unit that the government will lease from Norway’s Höegh LNG in mid-June as it gears up to welcome LNG shipments to help meet heightened local demand, an anonymous government source reportedly told Asharq Business. The government is leasing the unit until February 2026 for USD 90 mn a year, according to unconfirmed media reports.

What’s next? The unit will run on a trial basis for a seven-day period before it kicks off operations, Asharq Business’ source added.

LNG tender incoming: The Madbouly government is expected to launch an international tender seeking over 15 shipments of LNG over the coming few weeks, a government source told us last week. The government is expected to launch an international tender for the shipments between mid-June and early July, one industry source told Reuters, while another source said the tender is awaiting the appointment of the oil minister in the new cabinet.

The price tag? Last we heard was that the state was going to spend around USD 120 mn a month for three shipments.

Remember? A dip in domestic production has pushed the country from being a net exporter to a net importer of LNG in recent months. The government has been ramping up imports in efforts to address the supply gap caused by heightened demand, which translated into extended power cuts and most recently had the government slashing gas supplies to fertilizer companies to cut supplies to feed power generators instead.

Issue resolved? The Oil Ministry on Thursday said it has started gradually increasing the gas supplies to fertilizer companies.

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