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TRADE-
EGAS secures FLNG facility in 10-year pact: Egyptian Natural Gas Holding Company (EGAS) has inked a 10-year agreement with global maritime energy infrastructure player Höegh Evi for an LNG regasification vessel, Bloomberg reports, citing a statement it has received from the firm. The newswire says the move signals the country’s “long-term dependency on fuel imports.”
The details: A vessel owned by Höegh Evi — dubbed the Hoegh Gandria — will dock in the Ain Sokhna’s Port of Sumed in 4Q 2026. Before then, the vessel will undergo conversion into a floating storage and regasification unit — it has been serving as an LNG carrier — with a peak daily capacity of 1 bn cubic feet of gas. The unit will replace the existing Hoegh Galleon — the single operating LNG import terminal in the country — which was delivered by Höegh Evi last year.
Long-term contracts aren’t what people are expecting: The government has long refrained from relying on long-term natural gas imports, with a government source telling us last year that the government does not want to resort to long-term contracts despite favorable prices at the time amid hopes of new natural gas discoveries that could put Egypt once again to the global export map, along with expanding renewable capacities.
Loads of regasification units: Egypt is in talks to lease a handful of regasification units to cover high energy demand in the summer months, including from Germany, Cyprus, and Turkey. Most recently, Oil Minister Karim Badawi met with CEO of US-based LNG solutions company Excelerate Energy Steven Kobos where they discussed leasing floating storage and regasification units to Egypt.
DIGITIZATION-
Oman eyes digitalization across its ports: Oman’s Sohar Port and Freezone launched a training program with the International Port Community Systems Association (IPCSA) on port community systems (PCS) to enhance digital efficiency across Oman’s ports, according to a statement. The program will expedite the port’s digital transformation, explore implementation strategies, and identify measures and challenges for digital ports’ ecosystems.
