Latest news with #EnergosEskimo
Bloomberg
3 days ago
- Business
- Bloomberg
Egypt's Newest LNG Import Terminals Start Up, Easing Gas Crunch
Two new LNG floating terminals are now operational in Egypt, bringing some relief to the North African nation that last year turned into a net importer of the fuel due to domestic supply crunches and rising demand. The Energos Eskimo terminal, at Egypt's Ain Sokhna port on the Red Sea, has received two liquefied natural gas cargoes since late last week, ship-tracking data on Bloomberg show. Another floating storage and regasification unit at the same location, Energos Power, is now operational and ready to receive fuel, according to the ship-tracking data and a person with direct knowledge of the information.
Business Wire
15-07-2025
- Business
- Business Wire
New Fortress Energy Executes 5-year Charter for Energos Winter
NEW YORK--(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 m 3 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.
Egypt Independent
06-07-2025
- Business
- Egypt Independent
Egypt secures gas supplies to all sectors with four FSRUs vessels
The Egyptian Ministry of Petroleum and Mineral Resources devised a comprehensive plan to develop and transform the gas sector's infrastructure, in the first part of a strategy to increase production and secure the country's energy needs. This plan aims to enhance Egypt's ability to secure all the needs of the electricity sector, as well as various industrial and economic sectors, in a safe and sustainable manner. This plan keeps pace with regional and international changes in the energy market and enables the country to diversify inputs to the national grid when necessary. It includes expanding the import of advanced floating regasification units, which represent a strategic addition to diversifying inputs to the national natural gas grid to include local field production, pipeline import gas, and liquefied natural gas (LNG). Several agreements have been signed with leading international companies to lease modern Floating Storage Regasification Units (FSRUs), increasing the system's capacity and supporting supply stability during peak periods. In parallel, work has been underway to equip several new berths and connect them to the national natural gas grid. This will achieve a sustainable addition to Egypt's natural gas infrastructure, while ensuring a balance between supply and consumption areas to maximize the stability of the national grid. The quays at Sumed and Sonker ports in Ain Sokhna, and the United Gas Derivatives Company quay in Damietta, have been prepared for the final step of connecting the FSRUs to their designated quays, according to the planned schedule. This will bring regasification capacity during peak consumption in 2025 to 2,700 million cubic feet per day. This includes the Hoegh Galleon unit in Ain Sokhna starting in 2024, the Energos Eskimo and Energos Power units, which will be connected to the Sumed and Sonker port quays in Ain Sokhna, and the Winter unit, which will be connected to the United Gas Derivatives Company quay in Damietta. This brings the total number of FSRUs available in Egypt during the peak summer season to four. This comes in addition to close cooperation with Jordan, which has resulted in the arrival of another FSRU, 'Energy Force,' which will arrive at the port of Aqaba in Jordan in late July to connect to the Arab Gas Pipeline. This provides a new addition to both countries by providing a new gateway to the national grids, enhancing the ability to respond to any emergencies this summer with a regasification capacity of up to 750 million cubic feet per day.
Al-Ahram Weekly
25-06-2025
- Business
- Al-Ahram Weekly
No stone left unturned in the search for gas - Economy - Al-Ahram Weekly
Second only to developments in the Iran-Israel conflict, reports on government efforts to secure gas supplies and prevent load shedding now dominate both airtime and print space in the Egyptian media. The government is moving on parallel paths, starting with signing gas import agreements, accelerating the connection of new regasification units to the national grid, depending more on fuel oil to operate power plants, and offering new areas for exploration. The Ministry of Petroleum and Mineral Resources awarded seven new exploration and production blocks to investors earlier this week. A statement by the ministry noted that out of these blocks, at least 17 new oil and gas wells should show yields soon. Meanwhile, the new Floating Storage and Regasification Units (FSRU), huge vessels that dock in ports receiving liquified natural gas (LNG) shipments and convert them into the gaseous state that can be easily pumped into pipelines connected to the national grid, were largely in the limelight. Both the prime minister and the minister of petroleum visited the Ain Sokhna Port to observe the readiness of the infrastructure for the connection of the second and third FSRU. Currently, Egypt has one operational FSRU, Hoegh Galleon, at the Red Sea port of Ain Sokhna, with two more expected to start working in July and a fourth to reach the country in August. 'Bringing the second and third regasification vessels into operation by the first week of July will secure our needs if gas supplies from the networks of neighbouring countries are cut off,' said Prime Minister Mustafa Madbouli at the cabinet's weekly press conference. The two new units are Energos Eskimo, obtained from Jordan earlier this month, and the German-built Energos Power. Egypt had contracted for eight LNG shipments to be offloaded, regasified, and pumped into the national grid in June, provided that a second regasification unit was up and working. However, there was a delay in connecting the new FSRU unit, and because the shipments had already maxed out the capacity of the Hoegh Galleon, the only currently working FSRU, tankers are queuing in Ain Sokhna waiting to offload their cargoes, according to the Middle East Economic Survey (MEES). The problem of delays would have been circumvented had the Energos Eskimo been in its original place in Aqaba. In December 2024, the American company that owns the Energos Eskimo agreed with the Egyptian authorities that the unit would be transferred to Egyptian waters, on the condition that Egypt provided Jordan with the needed gas through the Arab Pipeline. Under the deal, Jordan, which has a gas supply gap and is also dependent on Israeli gas exports, had the right to share the use of the Energos Eskimo until 2026, with around 350 million cubic feet of gas per day exported to Jordan and representing a significant share of the vessel's regasification capacity. The MEES explained that Egypt last year imported four gas cargoes between April and June through the Energos Eskimo while it was at Aqaba, but 'it is now marooned and waiting to be installed to Egypt's grid.' The ship was transferred from Aqaba to Ain Sokhna at the start of this month. Due to disruptions in Israeli gas supplies, Egypt is supplying Jordan with only 100 million cubic feet of natural gas per day to help it operate its power plants. It is doubling its electricity exports to Jordan. The two countries have a long-standing electricity exchange agreement, which was renewed for 2025. Another track that the government has been following is increasing its purchases of fuel oil that can be used instead of gas in operating the facilities of some industries. According to Reuters, Egypt is seeking approximately 900,000 tons of fuel oil for supply in August through its latest supply tender. The country consumes approximately 40,000 tons of fuel oil per day for power generation, according to the news agency. The current situation is a far cry from how things were between 2019 and 2022, when Egypt was a net gas exporter thanks to the production of the giant gas field Zohr. However, a slowdown in production in the Field due to technical issues, as well as foreign explorers' reluctance to increase production with their dues accumulating, cast its shadow on the country's production, and it started to import gas from Israel. Egypt's gas production came below the four billion cubic feet per day threshold in recent months, its lowest in almost a decade. Gas represents 80 per cent of the fuel mix used to generate power in Egypt. Imports from Israel were stable until the recent escalation of the conflict between Israel and Iran. Egypt's gas imports from Israel stopped on 13 June, with the Leviathan and Karish fields suspending production as soon as the first Iranian blows struck Israeli targets. Egypt used to receive around one billion cubic feet per day of gas from Israel, accounting for up to 60 per cent of its total gas imports and around a fifth of its total consumption, according to the Joint Organisation for Data Initiative (JODI), an international initiative to make oil and gas data available. While Israel resumed pumping gas, in small quantities, to both Jordan and Egypt at the beginning of the week, it is rumoured to have stopped a couple of days later, with Iran's attacks hitting energy facilities. Accordingly, the government told local petrochemical plants that the resumption of gas supplies would be delayed until the end of June, and the return to pre-war volumes would take place by mid-July, according to a statement by an anonymous official source to Al-Arabiya Business. * A version of this article appears in print in the 26 June, 2025 edition of Al-Ahram Weekly Follow us on: Facebook Instagram Whatsapp Short link:
Zawya
23-06-2025
- Business
- Zawya
Egypt's PM reviews LNG infrastructure readiness at Ain Sokhna Port
Egypt - Prime Minister Mostafa Madbouly visited Ain Sokhna Port on Saturday to inspect the liquefied natural gas (LNG) regasification vessel Energos Eskimo, as part of the government's broader efforts to bolster energy security and ensure the continuity of natural gas supplies. At the start of his tour, the Prime Minister emphasised that the government is taking proactive steps to meet Egypt's natural gas needs by expanding infrastructure capacity for receiving imported LNG. Madbouly noted that the initiative aims to enhance the efficiency and flexibility of the national gas supply system to accommodate rising domestic demand, particularly during the summer months, and in response to recent regional developments following the Israeli military operation in Iran. He stated that these measures fall within a comprehensive governmental plan involving relevant ministries to safeguard the stability of the national power grid. Accordingly, the government aims to have three regasification vessels operational by early July, with a combined capacity of 2,250 million cubic feet per day. A fourth vessel will be kept on standby to provide additional support and ensure the availability of various petroleum products, Madbouly added. During his inspection of the Energos Eskimo vessel, the Prime Minister underscored that these strategic projects reflect the state's commitment to securing natural gas supplies and reinforcing the system's resilience during peak consumption periods in the summer. He highlighted that this vessel is the second of its kind stationed at Ain Sokhna Port, following the Hoegh Galleon, which entered service last year under the government's plan to operate four regasification vessels and expand LNG import capacity. Madbouly also reviewed the advanced technical works being finalised by Petrojet, a subsidiary of the petroleum sector, in preparation for the vessel's transfer to the SUMED port dock in Sokhna. The Energos Eskimo has a design capacity of 750 million cubic feet of gas per day. Minister of Petroleum and Mineral Resources Karim Badawi explained that petroleum sector teams have completed the development of a second berth at the SUMED Port to receive the vessel. This includes the installation of two loading arms and pipelines for transferring gas to the national grid. Badawi noted that the teams are working with high efficiency and speed to complete the required technical works, with ongoing field inspections to ensure timely progress. The Minister further highlighted the proactive steps taken by the Ministry since last year to secure gas supplies, diversify sources, and manage emerging challenges. He noted that the Ministry succeeded in contracting three LNG regasification vessels following a phase of political and commercial negotiations with various governments—leveraging Egypt's strong diplomatic ties with countries such as Jordan and Germany. These vessels were secured by the Egyptian Natural Gas Holding Company (EGAS) amid high global demand, as part of a broader strategy to achieve energy security in the face of geopolitical risks and global instability. The combined capacity of the three vessels stands at 2,250 million cubic feet per day, significantly enhancing Egypt's domestic gas supply capabilities to meet the needs of all consumer sectors. One vessel is currently operational at SUMED Port, while preparations are underway to commission the remaining two at the SUMED and Sonker terminals in Ain Sokhna. Badawi added that a fourth regasification vessel is scheduled to arrive in August and will be operated at Damietta Port on the Mediterranean Sea, further strengthening the resilience and diversification of Egypt's energy supply in the face of ongoing global challenges. The Minister also stressed that, alongside the urgent plan to cover local demand through LNG imports, the government is intensifying efforts to boost domestic natural gas production. He cited recent successes in curbing natural production decline by introducing incentive packages to attract investment and ensuring the timely payment of dues to partners. These actions are expected to gradually increase output, as exploration and production activities pick up momentum. During his tour aboard the Energos Eskimo, Madbouly received a technical briefing from Walid Lotfy, Chairperson of Petrojet, on the modifications and readiness efforts under way. Lotfy confirmed that the implementation timeline had been compressed from 29 days to just 10, thanks to round-the-clock work and intensified efforts. The works included mechanical modifications, control system adjustments, and commissioning tests to ensure the vessel's full readiness to receive LNG and convert it into its gaseous form for integration into the national grid. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
