Egypt Boosts Gas Supply Security with Arrival of New FSRU at Alexandria Port
CAIRO – 26 May 2025: Egypt has welcomed the arrival of Energos Power, a new floating storage and regasification unit (FSRU), at the southern berth of the Tahya Misr terminal in Alexandria Port. The vessel, owned by U.S.-based New Fortress Energy, sailed in from Germany and has a storage capacity of 174,000 cubic meters of liquefied natural gas (LNG).
The Energos Power will play a key role in receiving imported LNG, converting it back to its gaseous form, and feeding it into Egypt's national gas grid. This step aligns with the Ministry of Petroleum and Mineral Resources' strategy to ensure stable electricity generation during the high-demand summer season.
Minister Karim Badawi highlighted that this is the second FSRU currently in operation in Egypt. The vessel's deployment comes after high-level negotiations with the German government in both Cairo and Berlin during his official visit in March. It was leased specifically to support Egypt's energy infrastructure.
The Ministry is also expanding its LNG regasification capabilities. The new unit joins an existing FSRU at the SUMED Port in Ain Sokhna, while the Egyptian Natural Gas Holding Company (EGAS) has secured agreements for two more FSRUs set to arrive soon—raising the total to four.
These developments reflect a broader government initiative to enhance energy security, ensure the stability of the electricity network, and meet growing demand efficiently, particularly in the summer months.
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