{"id":662187,"date":"2025-03-12T00:00:00","date_gmt":"2025-03-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/12\/another-lng-regasification-vessel-coming-our-way\/"},"modified":"2025-03-12T00:00:00","modified_gmt":"2025-03-12T00:00:00","slug":"another-lng-regasification-vessel-coming-our-way","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/12\/another-lng-regasification-vessel-coming-our-way\/","title":{"rendered":"Another LNG regasification vessel coming our way?"},"content":{"rendered":"

Good m<\/strong>orning, l<\/strong>adie<\/strong>s and gentlemen. <\/strong>We are almost halfway through what is shaping up to be a very calm Ramadan. In today\u2019s issue we dive into the IMF\u2019s take on our economy \u2014 what\u2019s working and what needs to be worked on \u2014 as highlighted in a statement that came out in the early hours of the day following the Fund\u2019s Executive Board approving our fourth review. <\/p>\n

So, when do we eat? <\/strong>Maghrib prayers are at 6:01pm in the capital, and you\u2019ll have until 4:41am tomorrow to hydrate and caffeinate ahead of fajr.<\/p>\n

PSA- <\/p>\n

WEATHER- <\/strong>It\u2019s another sunny day in Cairo, with a high of 27\u00b0C and a low of 16\u00b0C, according to our favorite weather app.<\/p>\n

It\u2019s a touch cooler in Alexandria<\/strong>, with a high of 25\u00b0C and a low of 14\u00b0C.<\/p>\n

** DID YOU KNOW that we now cover <\/strong>Saudi Arabia<\/a><\/strong> and the <\/strong>UAE<\/a><\/strong>?<\/strong><\/p>\n

** Were you forwarded this email?<\/strong> Tap or click here<\/a> to get your own copy delivered every weekday before 7am Cairo time \u2014 without charge.<\/p>\n

WATCH THIS SPACE- <\/p>\n

<\/a> #1- Anot<\/strong>her LNG regasific<\/strong>ation vessel coming our way?<\/strong> The government is exploring the possibility of leasing a German LNG regasification vessel, with a delegation of Egyptian experts expected to visit Germany by the end of this month to finalize the terms of the potential agreement, the Oil Ministry said in a statement<\/a>.<\/p>\n

Our sixth floating regasification unit? <\/strong>Egypt has been expected to ink<\/a> an agreement this month to rent its fifth floating regasification unit from Cyprus, with the ship reportedly expected to dock in Egypt to cover high energy demand in the summer months. The government also reportedly chartered a third<\/a> floating storage regasification unit to dock at Ain Sokhna by June 2025 and a fourth unit<\/a> from Turkey to dock during the summer.<\/p>\n

Gov\u2019t is prepping for summer demand surge:<\/strong> The state-owned Egyptian Natural Gas Holding Company has reportedly sent<\/a> new pricing and payment conditions to global LNG suppliers in a bid to secure direct contract offers for LNG supplies for the summer months, with the government reportedly aiming to import 155-160 shipments of LNG in 2025 to close the gap between supply and demand.<\/p>\n

\n

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<\/a> #2-<\/strong> The Houthis are once again targeting Israeli-linked<\/strong> vessels <\/strong>crossing the Red Sea, according to a post<\/a> on X from the group\u2019s spokesman. The resumption of the attacks comes as Israel blocks aid from entering Gaza in a move aimed at pressuring Hamas into accepting revised ceasefire terms. <\/p>\n

\n

\n

<\/a> #3- Egypt\u2019s<\/strong> green data center plans are back in focus: <\/strong>Investment Minister Hassan El Khatib met with Income Egypt Chairman Hesham Sheta and a group of green energy investors to review plans for a renewable-powered data center complex \u2014 dubbed the Atlas Project \u2014 which will be supported by a dedicated solar plant, according to a statement<\/a>. The project appears to build on a January MoU<\/a> a consortium of Swicorp Infra Capital, Income Egypt, and Record Digital Asset Venture signed with the Communications Ministry to develop a 200 MW solar- and wind-powered data center to export digital services abroad.<\/p>\n

ALSO\u2013 <\/strong>El Khatib\u2019s meeting covered other projects, including the Rosetta Minerals Project, which aims to process kaolin sand to boost local production and exports.<\/p>\n

\n
\n
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Get Enterprise<\/b> daily <\/h4>\n<\/p><\/div>\n

The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n

Subscribe here<\/a> <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

THE BIG STORY ABROAD- <\/p>\n

It\u2019s another morning with Trump tariffs dominating the front pages: <\/strong>US President Donald Trump backed down from plans to hike US tariffs on Canadian steel and aluminum to 50%, just hours after he first announced the plans. The reversal followed Canada\u2019s decision to halt a planned 25% surcharge on electricity exports to the US \u2014 one of Trump\u2019s key justifications for the tariff escalation. (FT<\/a> | Reuters<\/a> | CNBC<\/a> | AP<\/a>)<\/p>\n

ALSO FROM THE TRUMP ADMINISTRATION- <\/strong>The US decided to resume military aid to Ukraine after Kyiv agreed to accept a US-backed 30-day ceasefire \u2014 the proposal is yet to be presented to the Russian side. (Reuters<\/a> | AP<\/a>) <\/p>\n

<\/p>\n

*** It\u2019s Hardhat day \u2014 your weekly briefing of all things infrastructure in Egypt:<\/strong> Enterprise\u2019s industry vertical focuses each Wednesday on infrastructure, covering everything from energy, water, transportation, and urban development, as well as social infrastructure such as health and education. <\/p>\n

In today\u2019s issue: <\/strong>We look at how the local logistics sector fared in Agility\u2019s 2025 Emerging Markets Logistics Index and how Egypt measured up to the Gulf\u2019s top performers.<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning, ladies and gentlemen. We are almost halfway through what is shaping up to be a very calm Ramadan. In today\u2019s issue we dive into the IMF\u2019s take on our economy \u2014 what\u2019s working and what needs to be worked on \u2014 as highlighted in a statement that came out in the early hours […]<\/p>\n","protected":false},"author":1,"featured_media":662188,"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":[7204],"tags":[72,91,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-662187","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-enterpriseam","tag-oil-and-gas","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"67222c83-eb7c-4ffd-9797-ca2f6cb84beb","order":"2","is_powered_by":true,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/9\/483.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Another LNG regasification vessel coming Egypt\u2019s way?","related_issue":[662185],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.5f4dbcb5-d0fe-405f-837b-348a35eaf6a0.mp3"},"yoast_head":"\nAnother LNG regasification vessel 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\/03\/12\/another-lng-regasification-vessel-coming-our-way\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Another LNG regasification vessel coming our way?\" \/>\n<meta property=\"og:description\" content=\"Good morning, ladies and gentlemen. 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The world\u2019s largest streaming music service will be available at a cost of EGP 49.99 per month in Egypt as well as 13 other regional markets, including the UAE and Morocco. Egypt, Saudi Arabia, the UAE,\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/11\/369.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":628358,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/02\/expect-hot-and-dusty-weather-to-continue-today\/","url_meta":{"origin":662187,"position":1},"title":"Expect hot and dusty weather to continue today","author":"enterpriseam admin","date":"2 May 2018","format":false,"excerpt":"PSA- Expect hot and dusty weather to continue today across the country. The aftermath of a sandstorm that hit parts of Egypt on Monday, affecting visibility and closing several highways in the south, is expected to last until Friday, which will see the week\u2019s highest temperature at 40\u00b0C, the national\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/5\/206.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":667976,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/07\/net-foreign-assets-in-egypts-banking-sector-see-uptick\/","url_meta":{"origin":662187,"position":2},"title":"Net foreign assets in Egypt\u2019s banking sector see uptick","author":"enterpriseam admin","date":"7 July 2025","format":false,"excerpt":"Good afternoon, friends. It\u2019s another calm day as far as the news cycle is concerned, and we\u2019ve got a brisk issue for you. THE BIG STORY TODAY Net foreign assets in the banking sector increased nearly 10% in May to USD 14.7 bn, up USD 1.2 bn from April, according\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2177.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":631317,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/15\/sophia-the-saudi-robot-is-coming-to-egypt\/","url_meta":{"origin":662187,"position":3},"title":"Sophia the Saudi Robot is coming to Egypt","author":"enterpriseam admin","date":"15 March 2018","format":false,"excerpt":"The stuff of nightmares: Sophia the Saudi Robot is coming to Egypt for the Creative Industry Summit next month, and her video announcement couldn\u2019t possibly be any creepier (watch, runtime: 0:39). She may be the latest and most advanced social robot but Sophia gives us serious \u201cGet Out\u201d vibes.A weeklong\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/3\/1910.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":670577,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/21\/el-sisi-heads-to-saudi-to-meet-mohammed-bin-salman\/","url_meta":{"origin":662187,"position":4},"title":"El Sisi heads to Saudi to meet Mohammed bin Salman","author":"enterpriseam admin","date":"21 August 2025","format":false,"excerpt":"The two will discuss strengthening bilateral cooperation and \u201cregional and international issues of mutual concern\u201d","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/8\/173.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":657981,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/30\/banks-will-be-closed-on-wednesday-to-mark-the-end-of-their-fiscal-year\/","url_meta":{"origin":662187,"position":5},"title":"Banks will be closed on Wednesday to mark the end of their fiscal year","author":"enterpriseam admin","date":"30 December 2024","format":false,"excerpt":"Good morning, friends. We close out 2024 with another packed issue busy with the latest on our automotive localization push, fresh incentives for industrial players, and a continuation of our recap of everything worth knowing from the past year. ** This is the last issue of EnterpriseAM Egypt for this\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1376.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/662187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=662187"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/662187\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/662185"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/662188"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=662187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=662187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=662187"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=662187"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=662187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}