Cairo: Egypt’s plans to import liquefied natural gas (LNG) are in disarray after Norway’s Hoegh LNG has pulled out of plans to install an LNG floating import terminal.
Hoegh LNG rejected state-run gas firm EGAS’s commercial terms. With summer approaching Egypt is facing a severe energy shortage and had been in discussions with nations, including Qatar, to import gas.
A Hoegh LNG spokesperson told Reuters that there was still a chance for the company to carry out the terminal construction if the government were to review the contract. [20/02/14]