EGAS receives LNG import offers from several major suppliers

EGAS receives LNG import offers from several major suppliers

The Egyptian Natural gas Holding Company received offers for a gas import tender from BP, Vitol, Trafigura, Golar LNG and three other companies, according to EGAS’ senior official.

Decisions on the financial proposals from the applicants are due this week, the official told Daily News Egypt.

EGAS tender includes the import of 500 million cbm of gas per day beginning in March.

EGAS Chairman Khaled Abdel Badie previously said the LNG imports contract will be for two years with a renewal option. He also added that Sonatrach, Gazprom and Shell did not bid in the tender.

Reports say that contracts have been signed with Sonatrach and Gazprom to import 14 LNG cargoes in case the two companies did not bid in the tender.

Abdel Badie also added that another similar tender will be issued for gas imports in order to boost the power generation in the country. More importantly he confirmed reports that Egypt will launch a tender for a second LNG import terminal in the coming weeks.

LNG World News Staff; Image: EGAS

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