{"id":623642,"date":"2024-06-09T00:00:00","date_gmt":"2024-06-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/09\/hoegh-lngs-floating-regasification-unit-set-to-dock-in-ain-sokhna-next-week\/"},"modified":"2024-06-09T00:00:00","modified_gmt":"2024-06-09T00:00:00","slug":"hoegh-lngs-floating-regasification-unit-set-to-dock-in-ain-sokhna-next-week","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/09\/hoegh-lngs-floating-regasification-unit-set-to-dock-in-ain-sokhna-next-week\/","title":{"rendered":"H\u00f6egh LNG\u2019s floating regasification unit set to dock in Ain Sokhna next week"},"content":{"rendered":"

A floating regasification unit will dock in Egypt next week:<\/strong> Ain Sokhna will receive the floating LNG regasification unit that the government will lease<\/a> from Norway\u2019s H\u00f6egh LNG<\/a> 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<\/a>. The government is leasing the unit until February 2026 for USD 90 mn a year, according to unconfirmed media reports<\/a>.<\/p>\n

What\u2019s next? <\/strong>The unit will run on a trial basis for a seven-day period before it kicks off operations, Asharq Business\u2019 source added. <\/p>\n

LNG tender <\/strong>incoming: <\/strong>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<\/a>, while another source said the tender is awaiting the appointment of the oil minister in the new cabinet<\/a>.<\/p>\n

The price tag? <\/strong>Last we heard was that the state was going to spend around USD 120 mn<\/a> a month for three shipments.<\/p>\n

Remember? <\/strong>A dip in domestic production has pushed the country<\/a> 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<\/a> to cut supplies to feed power generators instead. <\/p>\n

Issue resolved? <\/strong>The Oil Ministry on Thursday said<\/a> it has started gradually increasing the gas supplies to fertilizer companies. <\/p>\n","protected":false},"excerpt":{"rendered":"

The government is reportedly leasing the unit until February 2026 for USD 90 mn a year<\/p>\n","protected":false},"author":1,"featured_media":623643,"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":[244,93,72,91],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-623642","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-electricity","tag-energy","tag-enterpriseam","tag-oil-and-gas","wpautop","entry"],"acf":{"mongo_id":"291997ca-453f-41e9-a363-a5ecb331befb","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/6\/687.jpg","photo_position":"above","homepage_title":"","full_issue_title":"H\u00f6egh LNG\u2019s floating regasification unit set to dock in Egypt\u2019s Ain Sokhna next week","related_issue":[623634],"teaser":"The government is reportedly leasing the unit until February 2026 for USD 90 mn a year","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.3d4c1078-8a3a-49a2-9521-595f8552b13d.mp3"},"yoast_head":"\nH\u00f6egh LNG\u2019s floating regasification unit set to dock in Ain Sokhna next week - 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one LNG shipment a month until July or August","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/791.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":665147,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/13\/egypt-secures-lng-regasification-unit-under-10-year-contract-signaling-long-term-reliance-on-natgas-imports\/","url_meta":{"origin":623642,"position":3},"title":"Egypt secures LNG regasification unit under 10-year contract signaling long-term reliance on natgas imports","author":"enterpriseam admin","date":"13 May 2025","format":false,"excerpt":"The unit will replace the existing Hoegh Galleon, which was delivered by H\u00f6egh Evi last year","rel":"","context":"In 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