{"id":619050,"date":"2024-04-24T00:00:00","date_gmt":"2024-04-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/24\/egypt-negotiating-lease-of-regasification-unit-from-norways-hoegh-lng-plus-exports-from-israel-to-ramp-up-by-2h-2025\/"},"modified":"2024-04-24T00:00:00","modified_gmt":"2024-04-24T00:00:00","slug":"egypt-negotiating-lease-of-regasification-unit-from-norways-hoegh-lng-plus-exports-from-israel-to-ramp-up-by-2h-2025","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/24\/egypt-negotiating-lease-of-regasification-unit-from-norways-hoegh-lng-plus-exports-from-israel-to-ramp-up-by-2h-2025\/","title":{"rendered":"Egypt negotiating lease of regasification unit from Norway\u2019s H\u00f6egh LNG. PLUS: Exports from Israel to ramp up by 2H 2025"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Imported gas, whether piped from Israel or from shipments of LNG, are<\/strong><strong> becoming an increasingly important part of our energy mix: <\/strong>The government is reportedly in negotiations with yet another firm to lease a floating regasification unit as we look towards ramping up LNG imports. But the state isn\u2019t just thinking in the short-term, with unconfirmed reports that imports of Israeli gas are set to increase in 2H 2025. <\/p>\n<p class=\"tag-border-left\">GOV\u2019T NEGOTIATING LEASE OF LNG REGASIFICATION UNIT FROM H\u00d6EGH LNG-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gov\u2019t presses on with its search for a LNG regasification unit:<\/strong> The Madbouly government is looking to lease a re-gasification unit from Norwegian firm <a target=\"_blank\" href=\"https:\/\/www.hoeghlng.com\/home\/default.aspx\" style=\"\" rel=\"noopener\">H\u00f6egh LNG<\/a>, with the unit arriving by summer, according to an unnamed Oil Ministry official cited by <a target=\"_blank\" href=\"https:\/\/cnnbusinessarabic.com\/energy\/58363\/%D9%85%D8%B3%D8%A4%D9%88%D9%84-%D9%85%D8%B5%D8%B1-%D8%AA%D8%AA%D9%81%D8%A7%D9%88%D8%B6-%D9%85%D8%B9-%D9%87%D9%88%D8%AC-%D8%A7%D9%84%D9%86%D8%B1%D9%88%D9%8A%D8%AC%D9%8A%D8%A9-%D9%84%D8%A7%D8%B3%D8%AA%D8%A6%D8%AC%D8%A7%D8%B1-%D9%88%D8%AD%D8%AF%D8%A9-%D9%84%D8%AA%D8%AC%D9%87%D9%8A%D8%B2-%D8%A7%D9%84%D8%BA%D8%A7%D8%B2-%D8%A7%D9%84%D9%85%D8%B3%D8%A7%D9%84-%D8%A7%D9%84%D9%85%D8%B3%D8%AA%D9%88%D8%B1%D8%AF\" style=\"\" rel=\"noopener\">CNN Arabic<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>H\u00f6egh LNG isn\u2019t the only firm we\u2019re in talks with: <\/strong>The government is reportedly also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7969a1e1-5fa4-4a4a-af73-74de094fd945\" style=\"\" rel=\"noopener\">in talks<\/a> with BW Energy to lease a unit from the Norwegian-Singaporian company for a five-year period.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>At the moment, all of our LNG imports are going through Jordan<\/strong>: The proposed regasification unit will do away with the country\u2019s reliance on Jordan\u2019s terminal in Aqaba, which Egypt was given the right to use in an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a37a7288-8377-4f61-b169-c439aa7ddcbc\/anchorage-investments-signs-with-sczone-for-massive-petrochems-complex\" style=\"\" rel=\"noopener\">agreement<\/a> inked last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> The country could spend up to USD 120 mn a month on LNG shipments this summer to support domestic demand as rising temperatures strain supplies with the Madbouly government planning to import three LNG shipments a month between July and October, according to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4dee55b2-9d00-4dd3-ac1f-7da2d203a76d\" style=\"\" rel=\"noopener\">unconfirmed reports<\/a> earlier this week. The Oil Ministry will also reportedly halt all LNG exports to Europe starting next month.<\/p>\n<p class=\"tag-border-left\">ISRAELI GAS IMPORTS TO PICK UP IN 2H 2025-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Israel will be sending more natural gas our way next year:<\/strong> Israeli exports of natural gas to Egypt are set to rise 300 mn cf\/d to 1.5 bn cf\\d starting from 2H 2025, <a target=\"_blank\" href=\"https:\/\/cnnbusinessarabic.com\/energy\/58337\/%D9%85%D8%B5%D8%AF%D8%B1-%D8%A5%D8%B3%D8%B1%D8%A7%D8%A6%D9%8A%D9%84-%D8%AA%D8%B9%D8%AA%D8%B2%D9%85-%D8%B2%D9%8A%D8%A7%D8%AF%D8%A9-%D8%B5%D8%A7%D8%AF%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D8%BA%D8%A7%D8%B2-%D8%A5%D9%84%D9%89-%D9%85%D8%B5%D8%B1-%D9%81%D9%8A-%D8%A7%D9%84%D9%86%D8%B5%D9%81-%D8%A7%D9%84%D8%AB%D8%A7%D9%86%D9%8A-%D9%85%D9%86-2025\" style=\"\" rel=\"noopener\">CNN Arabic<\/a> reported, citing an unnamed source it says has knowledge of the matter.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI:<\/strong> The Israeli Energy Ministry greenlit an agreement in February to increase its gas exports to Egypt from Chevron\u2019s offshore Tamar field three-fold starting July 2025 and carrying on for the next 11 years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government is reportedly also in talks with BW Energy to lease a unit from the Norwegian-Singaporian company for a five-year period<\/p>\n","protected":false},"author":1,"featured_media":619051,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[7378,93,72,89,371],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-619050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-egypt-israel-relations","tag-energy","tag-enterpriseam","tag-israel","tag-oil-ministry","wpautop","entry"],"acf":{"mongo_id":"6847b376-eb36-40fe-b962-24e215f4ab8c","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/1536.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt negotiating lease of regasification unit from Norway\u2019s H\u00f6egh LNG. 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