Generation
Posted By OrePulse
Published: 11 Dec, 2024 12:37
Egypt’s EGAS, New Fortress Energy Partner on Second FSRU
The Egyptian Natural Gas Company (EGAS) has signed an agreement with global infrastructure firm New Fortress Energy to deploy a second Floating Storage and Regasification Unit (FSRU).
The FSRU will have a regasification capacity of up to 750 million cubic feet per day and storage for 160,000 cubic meters of LNG. Located at the SUMED terminal in Ain Sokhna, the facility is scheduled for operation in the second half of 2025, supplying the national grid to meet growing electricity and gas needs during peak summer periods.
Related Articles
Parliament Committee says no need to review three ...
10 Sep, 2024 07:57
Zimbabwe’s Biggest Miners Seek $182 Million for So...
12 Sep, 2024 06:57
GreenGo Energy Expands into Namibia with Strategic...
12 Sep, 2024 07:51
OPEC Fund approves $1.2 billion for development pr...
13 Sep, 2024 08:59
Floating solar starts to gather pace in Africa, as...
13 Sep, 2024 13:18
Prominent South African energy company files for l...
16 Sep, 2024 11:00
Libyan Export Decline and Fed Speculation Propel O...
17 Sep, 2024 08:00
South Sudan says it is ready to restart pumping oi...
17 Sep, 2024 13:23
Interest grows in Africa’s oil and gas hotspot...
18 Sep, 2024 10:42
South Africa Sanctions New National Petroleum Comp...
18 Sep, 2024 12:37Trending News
Metal Markets
Gold prices down to $5,023 as silver dips to $81, UAE rates retreat...
10 Feb, 2026 12:52
33 min read
Energy Markets
Oil prices dip as Brent crude settles at $68.91 amid Hormuz security concerns...
10 Feb, 2026 12:43
36 min read