A Turkish floating storage regasification unit will dock in Egypt next summer: The Madbouly government will lease a Turkish floating storage regasification unit starting June and for the duration of the summer, Asharq Business reports, citing an unnamed government official.

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How much will it cost? The Madbouly government will cough up some USD 45 mn to lease the unit from June and until November.

The details: The unit will liquify some 500 mn cubic feet of gas a day for electricity generation in efforts to meet heightened domestic demand during the summer months.

Preparing for the worst case scenario: A second regasification unit will dock in Egypt starting 2H 2025 under an agreement to lease a unit between US-based New Fortress Energy and Egyptian Natural Gas Holding Company that was inked late last year. Unconfirmed reports identify the vessel as the Energos Eskimo, which is currently docked in Aqaba Port and shared between Egypt and Jordan under a prior agreement.

And another one: Egypt reportedly chartered a third floating storage regasification unit to process LNG imports to dock at Ain Sokhna by June 2025.

We have a lot of LNG shipments coming our way: Egypt has reportedly signed agreements to purchase a total of 60 LNG shipments in 2025 for around USD 3 bn. The agreement entails supplying around five shipments per month, each carrying between 160-165k cubic meters of LNG — equivalent to approximately 500 mn cubic feet of gas per day for local consumption over a one-week period.

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