3 days ago
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.
