Delay in Egypt’s LNG import plans

Cairo: Egypt expects a delay in the delivery of an import terminal for liquefied natural gas (LNG), a source at Egyptian Natural Gas Holding Company (EGAS) told Reuters.

Egypt’s oil ministry and Norway’s Hoegh LNG said in May they had agreed for Egypt to use one of Hoegh’s Floating Storage and Regasification Units (FSRU) for five years and that the terminal would be in place by September. Since the agreement has yet to be rubber stamped that date is now looking like October or November.

A team from Hoegh is due in Cairo in the coming days to seal the deal.  [01/07/14]

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