EGAS, Höegh LNG Close Deal for Höegh Galleon FSRU Rental

EGAS, Höegh LNG Close Deal for Höegh Galleon FSRU Rental

The Egyptian Natural Gas Holding Company (EGAS) has announced a contract with the Norwegian Höegh LNG Company to rent the Höegh Galleon floating unit for liquefied natural gas (LNG).

The contract aims to contribute to securing the additional needs of local consumption during the summer months.

The Höegh Galleon floating unit was positioned along the Egyptian coasts before, and it had left Egypt heading to the US Sabine Pass production facility in October 2018, Egypt Oil & Gas previously reported.

This came as Egypt decided in 2018 to halt the rental of one of the floating storage regasification units (FSRUs) and keep only one for energy security reasons.

Sarah Samir 3471 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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