Two regasification units will dock in Egypt’s ports next month as we gear up for more LNG shipments, a government source told EnterpriseAM, confirming news first picked up by Asharq Business. The two units — contracted from Jordan and Germany — will arrive in Egypt on 5 and 15 June and will help process the 5-6 LNG shipments we have coming our way next month, our source said.

IN CONTEXT- The Oil Ministry received the go-ahead to sign contracts for up to 60 LNG shipments through early September to meet the expected high electricity demand in the summer, a government source told EnterpriseAM. The shipments will help make up for a dip in Israeli gas flows that is expected to continue till August.

In numbers: The Madbouly government wants to triple its LNG imports to 1.8 bn cubic feet per day (bcf/d) from around 600 mcf/d, Asharq’s source said.

Egypt has more regasification units on the way: Egyptian Natural Gas Holding Company inked a 10-year agreement with global maritime energy infrastructure player Höegh Evi for an LNG regasification vessel earlier this month — Egypt will reportedly have four regasification vessels leased by the end of 2026, with a combined capacity of 3 bn cubic feet per day, to help meet rising energy demand.

ALSO- Egypt’s government is looking into building an onshore regasification plant at the idle Idku liquefaction facility with investments of USD 150-200 mn, the unnamed government official told Asharq Business last week. The plant will have an initial capacity of around 750k cubic meters per day, which will increase to 1 mn cubic meters per day at a later stage, the source said.

When can we expect the plant to come online? Constructing the plan will take around 30 months, the source said, adding that preliminary studies for the project have been completed. Whether the plant will move forward or not is up for a vote later this month, they said.

REMEMBER- Egypt’s natural gas output currently stands at around 4.2 bcf/d, well below the average summer demand of 6.2 bcf/d — the figure climbs to 7 bn cf/d during peak consumption months. Power plants currently consume 3.4 bcf/d, while industrial usage stands at around 2.1 bcf/d, according to Asharq’s source.

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