EGAS Mulls Renting Gasification Ship

EGAS Mulls Renting Gasification Ship

The Egyptian Natural Gas Holding Company (EGAS) plans to rent a gasification ship located in Jordan with a capacity of 500mcf/d of gas and to host it in a private port controlled by SUMED in Ain Sokhna in 2017, reported Daily News Egypt.

According to a prominent official at EGAS, Egypt has contracted to rent about 200mcf/d gas from the full capacity of the gasification ship in Jordan since the end of 2015.

The official mentioned the re-opening of the gas pipeline between Egypt and Jordan and the gas import is to meet country’s summer fuel requirements for power plants.

Meanwhile, EGAS raised imports of gas to about 1bcf/d through the two gasification ships at Ain Sokhna port, compared to a previous level of 850mcf/d.

According to a statement by the Ministry of Petroleum, a memorandum of understanding (MOU) was signed with Jordan to benefit from the excess capacity of the gasification ship in Aqaba.

Moreover, the monthly gas import bill reached $250m to supply almost 1.2bcf of gas monthly to the local market, wrote Mena.FN.


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