Latest news with #EnergosPower
Bloomberg
5 days ago
- Business
- Bloomberg
Egypt Considers Securing Another LNG Vessel as Import Needs Jump
Egypt is considering adding yet another LNG import vessel, according to people familiar with the plan, as the nation that was exporting gas just a year ago is now rushing to lock in supplies to cover domestic demand. A new vessel would add to the Energos Power ship that arrived in the North African country's Alexandria port earlier this week and the Hoegh Galleon operating in Ain Sokhna. Two others — Energos Eskimo arriving this summer and another from Turkish company Botas — have also been tied up.
Daily News Egypt
26-05-2025
- Business
- Daily News Egypt
FSRU Energos Power arrives at Alexandria Port to boost summer gas supply
The Energos Power, a new Floating Storage and Regasification Unit (FSRU) operated by US-based New Fortress Energy, has docked at the southern berth of the Tahya Misr terminal in Alexandria Port after arriving from Germany. The ship's arrival marks a key step in Egypt's strategy to secure natural gas supplies for power generation during the high-demand summer season. Minister of Petroleum and Mineral Resources Kareem Badawi welcomed the vessel on Monday, accompanied by senior officials from the ministry and the Egyptian Natural Gas Holding Company (EGAS). The Energos Power is equipped to receive imported liquefied natural gas (LNG), convert it back into its gaseous form, and feed it directly into Egypt's national gas grid. Minister Badawi said the move aligns with the government's broader energy strategy aimed at maintaining electricity grid stability during peak usage periods. 'This second regasification ship is a result of recent discussions with the German government, both in Cairo and during my visit to Berlin last March,' Badawi noted. 'It reflects our continued commitment to expanding LNG import infrastructure and ensuring reliable energy supplies.' The new FSRU joins an existing regasification unit stationed at the SUMED Port in Ain Sokhna. EGAS has also signed contracts to lease two additional FSRUs, expected to arrive soon, which would bring the total number to four. According to the ministry, this expansion is designed to enhance the flexibility and efficiency of Egypt's gas supply chain, especially as domestic demand surges during the hotter months. Badawi emphasized ongoing coordination between the Ministries of Petroleum and Electricity, alongside other key stakeholders, to ensure a stable and uninterrupted power supply throughout the summer. The Energos Power has a storage capacity of 174,000 cubic meters of gas. Following its arrival, Minister Badawi toured the vessel along with senior figures including Yassin Mohamed, EGAS Executive Managing Director; Moataz Atef, Assistant Minister and Spokesperson; Khaled El-Badry, Assistant Minister for Projects; Hossam Nabil, Head of Petroleum Sector Security; Waleed Lotfy, Chairperson of Petrojet; and Wael Lotfy, Chairperson of ENPPI. The Minister was received at the port by Ehab Salah, Chairperson of Alexandria Port Authority, and Abdelkader Darwish, Chairperson of the Egyptian Company for Multipurpose Terminals (EGMT).
Egypt Today
26-05-2025
- Business
- Egypt Today
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.
