The first of three additional regasification units made port in Egypt, with Energos Power, owned by the US-based New Fortress Energy, arriving at Alexandria Port’s Tahya Misr terminal yesterday, according to a statement from the Oil Ministry. The regasification unit, which has a capacity of 174k cubic meters of gas, will help regasify LNG shipments coming our way as the high-demand summer months start rolling in following an agreement with previous lease holders Germany.

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Energos Power will soon join the already docked 750 mcf/d-Hoegh Galleon in Ain Sokhna and be followed soon by the 750 mcf/d-Energos Eskimo, currently in Jordan’s Aqaba, and a floating storage regasification unit from Turkish state-owned energy firm BOTAS.

REMEMBER- The government is preparing for a surge in demand over the summer months, which has led the country to target importing 155-160 shipments of LNG this year to close the gap between demand and supply. Adding pressure to keep the lights on — and for Egypt to potentially overprepare — are repeated pledges from the government that the dreaded days of blackouts won’t return.

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