Egypt Releasing Regasification Terminal

Wednesday, October 17, 2018

Egypt is taking a major step towards energy independence in the next few days. According to Tarek El Molla, Egypt’s petroleum minister, one of the regasification vesselsoff its coast will be leaving.

The news from El Molla follows an announcement by Hoegh LNG that Egypt was to give up one of its two FLNG terminals.

The ministertold Reuters the other vessel would stay behind as part of the Ministry of Petroleum’s strategy to maintain energy supplies for the country.

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