Egypt to Rent FSRU

Monday, October 21, 2013

Egypt’s state-run gas firm EGAS has issued a tender for a floating storage and regasification unit (FSRU), a floating liquefied natural gas (LNG) plant. It is anticipated that the FSRU will be put into use by April 2014 for the North African country to import LNG.

EGAS Chairman Khaled Abdel Badie told Reuters, “We are renting it. It is expected to be used by next April […] It depends on the offers.” For Egypt to import LNG, the existence of an FSRU is imperative.

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