{"id":660014,"date":"2025-02-05T00:00:00","date_gmt":"2025-02-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/05\/yet-another-floating-storage-regasification-unit-coming-our-way\/"},"modified":"2025-02-05T00:00:00","modified_gmt":"2025-02-05T00:00:00","slug":"yet-another-floating-storage-regasification-unit-coming-our-way","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/05\/yet-another-floating-storage-regasification-unit-coming-our-way\/","title":{"rendered":"Yet another floating storage regasification unit coming our way?"},"content":{"rendered":"

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

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

How much will it cost? <\/strong>The Madbouly government will cough up some USD 45 mn to lease the unit from June and until November. <\/p>\n

The details: <\/strong>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. <\/p>\n

Preparing for the worst case scenario: <\/strong>A second regasification unit will dock<\/a> 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.<\/p>\n

And another one:<\/strong> Egypt reportedly chartered a third floating storage regasification unit<\/a> to process LNG imports to dock at Ain Sokhna by June 2025.<\/p>\n

We have a lot of LNG shipments coming our way: <\/strong>Egypt has reportedly signed agreements<\/a> 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 \u2014 equivalent to approximately 500 mn cubic feet of gas per day for local consumption over a one-week period.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Madbouly government will cough up some USD 45 mn to lease the unit<\/p>\n","protected":false},"author":1,"featured_media":660015,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[93,72,91,218],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-660014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-energy","tag-enterpriseam","tag-oil-and-gas","tag-turkey","wpautop","entry"],"acf":{"mongo_id":"32b3bc1d-6f66-47bb-8edf-6812e11f7ca4","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/391.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Yet another floating storage regasification unit coming our way?","related_issue":[660002],"teaser":"The Madbouly government will cough up some USD 45 mn to lease the unit","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.2631f390-5fd8-4362-95e6-6d2f75307e86.mp3"},"yoast_head":"\nYet another floating storage regasification unit coming our way? - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/05\/yet-another-floating-storage-regasification-unit-coming-our-way\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Yet another floating storage regasification unit coming our way?\" \/>\n<meta property=\"og:description\" content=\"The Madbouly government will cough up some USD 45 mn to lease the unit\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/05\/yet-another-floating-storage-regasification-unit-coming-our-way\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-05T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/391.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/05\/yet-another-floating-storage-regasification-unit-coming-our-way\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/05\/yet-another-floating-storage-regasification-unit-coming-our-way\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Yet another floating storage regasification unit coming our way?\",\"datePublished\":\"2025-02-05T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/05\/yet-another-floating-storage-regasification-unit-coming-our-way\/\"},\"wordCount\":274,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/05\/yet-another-floating-storage-regasification-unit-coming-our-way\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/391.jpg?fit=%2C&ssl=1\",\"keywords\":[\"energy\",\"EnterpriseAM\",\"oil and gas\",\"Turkey\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/05\/yet-another-floating-storage-regasification-unit-coming-our-way\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/05\/yet-another-floating-storage-regasification-unit-coming-our-way\/\",\"name\":\"Yet another floating storage regasification unit coming our way? 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PLUS: Exports from Israel to ramp up by 2H 2025","author":"enterpriseam admin","date":"24 April 2024","format":false,"excerpt":"The government is reportedly also in talks with BW Energy to lease a unit from the Norwegian-Singaporian company for a five-year period","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\/1536.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":665981,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/27\/energos-power-regasification-unit-docks-in-alexandria-2\/","url_meta":{"origin":660014,"position":2},"title":"Energos Power regasification unit docks in Alexandria","author":"enterpriseam admin","date":"27 May 2025","format":false,"excerpt":"The unit comes to us from Germany","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\/2025\/5\/2214.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":665381,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/18\/turkish-floating-regasification-unit-secured-to-help-cover-gas-demand-during-summer-months\/","url_meta":{"origin":660014,"position":3},"title":"Turkish floating regasification unit secured to help cover gas demand during summer months","author":"enterpriseam admin","date":"18 May 2025","format":false,"excerpt":"The Turkish FSRU will help process some of Egypt\u2019s 155+ expected LNG shipments this year","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\/2025\/5\/1391.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":619572,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/07\/govt-locks-in-a-lease-agreement-for-an-lng-regasification-vessel-with-norways-hoegh-lng\/","url_meta":{"origin":660014,"position":4},"title":"Gov\u2019t locks in a lease agreement for an LNG regasification vessel with Norway\u2019s H\u00f6egh LNG","author":"enterpriseam admin","date":"7 May 2024","format":false,"excerpt":"The country is gearing up to meet rising energy demand this summer by ramping up LNG imports","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\/5\/313.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":623642,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/09\/hoegh-lngs-floating-regasification-unit-set-to-dock-in-ain-sokhna-next-week\/","url_meta":{"origin":660014,"position":5},"title":"H\u00f6egh LNG\u2019s floating regasification unit set to dock in Ain Sokhna next week","author":"enterpriseam admin","date":"9 June 2024","format":false,"excerpt":"The government is reportedly leasing the unit until February 2026 for USD 90 mn a year","rel":"","context":"In 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