BW Gas wins Egypt FLNG contract

BW Gas wins Egypt FLNG contract

Singapore’s BW Gas has clinched a deal to provide Egypt with an FLNG for five years, energy firm Egyptian Natural Gas Holding Company (EGAS) said yesterday. The contract is worth $60m a year, oil minister Sherif Ismail said. The FLNG will be in place by October.

This is Egypt’s second FLNG; Hoegh LNG delivered another one in April, allowing the country to start up LNG imports as it fights extreme power shortages.

Egypt agreed in April to import around $3.55bn worth of LNG in the 2015-2016 financial year, including 35 LNG cargoes from Gazprom over five years and six from Sonatrach.

The first cargo from Gazprom arrived on Sunday via the 154,880 cu m Yenisei River, a vessel owned by Dynagas.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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