Latest news with #Damietta
Zawya
18-07-2025
- Business
- Zawya
New Fortress Energy to deploy 2nd FSRU in Egypt
Arab Finance: New Fortress Energy Inc. is set to deploy the Energos Winter, a 138,250 cubic meters floating storage and regasification unit (FSRU), in Egypt as early as August 2025, according to a press release. This falls within New Fortress Energy's five-year agreement with the Egyptian Natural Gas Holding Company (EGAS) through its subsidiary, marking the group's second FSRU in Egypt. The Energos Winter will operate at EGAS' liquefied natural gas (LNG) import terminal located at Damietta, joining the Energos Eskimo. Chris Guinta, CFO of New Fortress Energy, commented: 'This deal enhances NFE's goals of providing reliable and cost-effective energy across the globe.' On his part, Yasseen Mohamed, Executive Managing Director of EGAS, stated: 'EGAS is pleased to strengthen its long-standing partnership with New Fortress Energy through the execution of a second Regasification Service Agreement.' 'Under this agreement, NFE's second FSRU, Energos Winter, will provide regasification services at the Damietta terminal, contributing to the security of natural gas supply for Egypt over the next five years,' added Mohamed. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Yahoo
15-07-2025
- Business
- Yahoo
New Fortress Energy Executes 5-year Charter for Energos Winter
NEW YORK, July 15, 2025--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) ("NFE" or the "Company") via a subsidiary has executed a 5-year agreement for the deployment of the Energos Winter, a 138,250 m3 floating storage and regasification unit ("FSRU"), with the Egyptian Natural Gas Holding Company ("EGAS"). The Winter will operate at EGAS' LNG import terminal located at Damietta, Egypt. This is NFE's second FSRU stationed in Egypt, and the Winter will join the Energos Eskimo in Egypt as early as August of this year. "We are pleased to reinforce our relationship with EGAS by way of our deployment of a second FSRU to Egypt. This deal enhances NFE's goals of providing reliable and cost-effective energy across the globe," said Chris Guinta, CFO of New Fortress Energy. "EGAS is pleased to strengthen its long-standing partnership with New Fortress Energy through the execution of a second Regasification Service Agreement. Under this agreement, NFE's second FSRU, Energos Winter, will provide regasification services at the Damietta terminal, contributing to the security of natural gas supply for the Arab Republic of Egypt over the next five years," said Yasseen Mohamed, Executive Managing Director of EGAS. About New Fortress Energy Inc. New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to address energy poverty and accelerate the world's transition to reliable, affordable, and clean energy. The Company owns and operates natural gas and liquefied natural gas (LNG) infrastructure and an integrated fleet of ships and logistics assets to rapidly deliver turnkey energy solutions to global markets. Collectively, the Company's assets and operations reinforce global energy security, enable economic growth, enhance environmental stewardship and transform local industries and communities around the world. View source version on Contacts Investorsir@
Al Bawaba
08-07-2025
- General
- Al Bawaba
Video: Massive fire engulfs a sponge factory in Damietta, Egypt
Published July 8th, 2025 - 12:07 GMT ALBAWABA - A massive fire broke out in a factory in the industrial zone of Damietta Governorate, as a result of a fire that broke out in a sponge-making room inside a factory in New Damietta City. Also Read Fire erupts at Egypt's Ramses Central building, 4 killed Security services in Egypt received a report of a massive fire inside a factory in the industrial zone of New Damietta City, causing the flames to spread to a number of neighboring buildings. A police force from the New Damietta Police Department immediately responded, along with ambulances, while the city's defense forces dispatched several fire engines to control the blaze. On the other hand, the residents of Kafr El Battikh were surprised by the presence of thick smoke resulting from the accident, which could affect the crops in the area, in addition to causing mild cases of suffocation due to the presence of thick smoke, Egypt Today said. المشكلة ان مصنع الفووم دا فيه مواد سريعة الإشتعال ...وبجواره مصانع كتير ..هي أصلا منطقة صناعية كلها مصانع في دمياط الجديدة ..لذلك الناس خايفة والحمد لله فيه حوالي ٢٠ سيارة مطافي واسعاف ربنا يسترها يارب — 🦋Butterfly🦋 (@shemaali_77) July 8, 2025 © 2000 - 2025 Al Bawaba (
Zawya
07-07-2025
- Business
- Zawya
Egypt secures natural gas supplies to all sectors via 4 FSRUs
Arab Finance: The Ministry of Petroleum and Mineral Resources is securing natural gas supplies to all sectors via four floating storage and regasification units (FSRUs), according to a statement. This move comes within the first pillar of the ministry's strategy to boost production and secure the state's needs of energy. It helps fulfill the demands of the electricity, industrial, and economic sectors safely and sustainably in line with the changing regional and internation energy market. The strategy aims to diversify the inputs into the national natural gas network to include production from domestic fields, pipeline-imported gas, and liquefied natural gas (LNG). Additionally, the ministry signed several agreements with leading international companies to lease advanced FRUs, which will expand the system's capacity and support a stable supply during peak periods. The ministry also highlighted efforts to prepare several new berths and connect them to the national gas grid, sustainably boosting Egypt's gas infrastructure. This will ensure balanced distribution between supply and demand areas to maximize the stability of the national grid. Berths have been deployed at the Sumed and Sonker ports in Ain Sokhna, in addition to the United Gas Derivatives Company (UGDC) berth in Damietta. This comes as part of the final phase of connecting the FSRUs to their designated berths according to the planned timeline. The 'Hoegh Galleon' unit has been deployed at Ain Sokhna since 2024, while the 'Energos Eskimo' and 'Energos Power' are connected to the Sumed and Sonker berths in Ain Sokhna. This is in addition to the 'Winter' unit connected to UGDC's berth in Damietta. Hence, the four units' combined daily capacity during the peak consumption of 2025 will stand at 2,700 million cubic feet. In cooperation with Jordan, a fifth FSRU, Energos Force, is expected to arrive at the Port of Aqaba by the end of July, as it will be connected to the Arab Gas Pipeline. This will add a new gateway to the national grids, enhancing the ability to respond to any emergencies during the summer, with a regasification daily capacity of up to 750 million cubic feet. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Al Bawaba
19-05-2025
- General
- Al Bawaba
Egyptian military jet crashes in Ras El Bar, crew killed in training mishap
Published May 19th, 2025 - 04:02 GMT The incident occurred near Beach 63 in Ras El Bar, located in the northern Damietta Governorate. ALBAWABA— An Egyptian military fighter jet crashed during a routine training mission on Sunday, killing all crew members on board, according to a statement from the Armed Forces' Military Spokesman. The incident occurred near Beach 63 in Ras El Bar, located in the northern Damietta Governorate. Preliminary reports suggest that the crash was caused by a technical malfunction. Conflicting early accounts initially indicated that the aircraft fell into the sea without casualties, but official confirmation later stated that the crew did not survive. Also Read Houthis urge evacuation of Ben Gurion airport This marks yet another in a series of military aviation accidents in Egypt in recent years. In November 2024, two officers died in a helicopter crash during training in the Suez Governorate, also reportedly due to mechanical failure. A similar incident occurred in November 2022, when a fighter jet crashed during a training exercise. © 2000 - 2025 Al Bawaba (
