Egypt’s LNG import plans in disarray

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]

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