The Egyptian Natural Gas Holding Company (EGAS) has completed the technical and financial evaluation of the offers from companies applying for the tender to supply the second gasification ship. The committee settled on two companies, one of whom will be chosen for the tender.

A EGAS senior official stated that the offers from the two companies comply with the technical and financial conditions, within nine companies which participated in the tender.

The official said the successful company will supply the second gasification ship to Ain Sokhna Port by the end of this month.

EGAS Chairman Khaled Abdel Badie said the second gasification ship will start receiving liquefied natural gas (LNG) shipments and deliver it to the national grid by October.

The ship will arrive at Ain Sokhna Port by the end of September, and will enter the trial operations phase for several days, before pumping LNG onto the national grid.

Abdel Badie stated that the second ship will have a capacity of between 500m to 700m cubic feet of gas daily.

A timeline has been put in place for the tender’s award and for supplying additional shipments as soon as possible. This will also cover providing the necessary gas for the power stations and the local market.

It has been reported that the second gasification ship will work to convert LNG to its gaseous state to facilitate pumping it to the national gas grid.

According to Abdel Badie, the contract will be for five years and the ship will receive approximately 42 shipments of LNG annually. Each shipment will be from 140,000 to 170,000 cubic feet of gas.

EGAS had previously signed a final contract with the Norwegian Hoegh for the first floating ship to receive and store LNG shipments and re-convert it to its gaseous state for it to be pumped to the national gas grid.

Source: Daily News Egypt