Ten-year agreement brings vital natural gas import capacity to energy-hungry nation
In a major boost to Egypt’s energy security, Höegh Evi has finalized a decade-long agreement with Egyptian Natural Gas Holding Company (EGAS) to deploy a floating storage and regasification unit (FSRU) at the country’s Port of Sumed. Singapore’s Seatrium will handle the conversion of the Hoegh Gandria from an LNG carrier to a state-of-the-art FSRU.
The vessel will be capable of supplying an impressive 1,000 million standard cubic feet per day of peak LNG regasification capacity when operations begin in Q4 2026, cementing its role as a critical component of Egypt’s energy infrastructure.
“Höegh Evi is proud of our longstanding role as a trusted energy infrastructure partner to Egypt and we are excited to begin the conversion of Hoegh Gandria to a floating import terminal, highlighting the unique flexibility of marine infrastructure,” said Erik Nyheim, President and CEO of Höegh Evi.
The Hoegh Gandria will replace the Hoegh Galleon, which became Egypt’s first FSRU when deployed in July 2024. The conversion process, expected to take 18 months, begins immediately under Seatrium’s supervision.
SOURCE: offshore-energy.biz
