Latest news with #FSRU
Shafaq News
3 hours ago
- Business
- Shafaq News
Iraq tackles summer crisis: Energy reform plans approved
Shafaq News/ On Tuesday, Iraq's Council of Ministers approved a series of energy, investment, and administrative measures to address peak summer electricity demand, accelerate stalled infrastructure projects, and modernize public services. To ease electricity shortages, the government authorized a direct contract with Karpowership to supply 650 megawatts via floating power ships, and greenlit the launch of a Floating Storage Regasification Unit (FSRU) to import liquefied gas, which will feed the Bismayah Power Plant with up to 750 million standard cubic feet per day. The cabinet also endorsed plans to procure 70 floating electric pumps for multiple provinces and approved contract extensions and cost increases for inspecting and maintaining two steam turbines in the central region. Meanwhile, the Ministry of Finance will release $2.3B to fund overdue payments for investment projects across ministries and provinces, with focus on the Bin Omar oil field in Basra.
Reuters
5 days ago
- Business
- Reuters
Vopak in talks with partners for Australia LNG import project
SINGAPORE, May 30 (Reuters) - Vopak ( opens new tab has started talks with gas suppliers and offtakers for its liquefied natural gas import terminal project in Victoria, Australia, and expects to take a final investment decision in 2026-2027, a senior executive told Reuters. The global energy storage operator announced last week it was confident in advancing the project in Australia's biggest gas-consuming state after laws were passed to ease supply shortfalls. Paul Kanters, managing director of Vopak Terminals Australia, said operations could begin as soon as 2029 if all the necessary environmental permits and commercial contracts are in place in 2026-2027. Vopak's Victorian Energy Terminal in Port Phillip Bay is one of four proposed across Australia's southeastern states to meet domestic gas needs, as regulators warn there could be shortages as soon as 2027. The global energy storage operator plans to charter a floating storage regasification unit (FSRU) to act as an import terminal to supply gas to the state of Victoria. While Vopak is seeking an FSRU with a capacity of 170,000 cubic metres, it has been "extremely difficult" to secure one after the Russia-Ukraine war drove Europe to secure more floating terminals to import more LNG, Kanters said. "We are in final talks with a FSRU provider to have an FSRU designated for this project," he said. The company aims to start operations at the terminal in 2029 when there will be a structural gas shortage, and would run for at least 10 years, Kanters said. "The Victoria market is somewhat difficult, but sometimes because it's a peak market, you need to build infrastructure to allow for accommodating peak demand," he added. Using an FSRU also provides flexibility for operators to react to Australia's gas needs which may decline if electrification of its economy gathers speed, Kanters said. "The FSRU can simply float away and will not leave any legacy infrastructure sitting there for tens of years that needs to find a home or needs to be depreciated," he added. Australia was the world's second-largest LNG exporter last year after the U.S., shipping over 81 million metric tons of the chilled fuel, according to Kpler data. Its major reserves however are mostly in the northwest, far from the southeast where most people live.
Jordan News
6 days ago
- Business
- Jordan News
Energy Minister: 55 Million Cubic Meters of Gas Annually and 145 Wells by 2030 - Jordan News
Jordan's Minister of Energy and Mineral Resources, Saleh Al-Kharabsheh, announced on Wednesday that the ministry currently extracts 55 million cubic meters of natural gas annually and is planning to drill 145 wells by 2030. اضافة اعلان During a meeting with the joint parliamentary committee discussing updates on the government's Economic Modernization Vision, Al-Kharabsheh stated that the ministry aims to increase annual gas production to 418 million cubic meters by the year 2030. As part of the 2024 implementation of the modernization vision, the minister noted that the ministry is working on 50 priority initiatives, 16 of which have already been completed. For 2025, 37 priorities are scheduled, including 18 related to the energy sector—of which 11 have been implemented, while work is ongoing on the remaining 7. One of the key projects highlighted by the minister is the expansion of natural gas supply to several industrial cities, including ongoing work to deliver gas to Al-Muwaqqar Industrial Estate and other areas. This is aimed at providing a cheaper alternative energy source for the industrial sector. Regarding the floating gas storage and regasification unit (FSRU) in Aqaba, Al-Kharabsheh announced that its operations have ended and the vessel is scheduled to depart the port on June 4.
Daily News Egypt
26-05-2025
- Business
- Daily News Egypt
Petroleum Minister inspects LNG infrastructure in Ain Sokhna ahead of summer demand surge
Minister of Petroleum and Mineral Resources Karim Badawy conducted an inspection tour at Ain Sokhna's SUMED and Sonker ports to review infrastructure readiness for receiving additional Floating Storage and Regasification Units (FSRUs) as part of Egypt's summer energy preparedness plan. Joined by senior petroleum sector officials, Badawy assessed progress on critical projects supporting the import, regasification, and delivery of liquefied natural gas (LNG) into the national gas grid—an essential step in securing fuel for electricity generation during peak summer months. The minister began his visit at the marine berth in SUMED port, where the FSRU Hoegh Galleon is currently docked. He observed the vessel's ongoing operations, which include LNG unloading, regasification, and injection into the national grid. Badawy also inspected the newly completed second marine berth at SUMED, which has been under development since September of last year. Designed to host an additional regasification vessel, the berth is now 100% complete, with trial operations underway ahead of the FSRU's arrival. The project is considered a key component of Egypt's national strategy to enhance natural gas infrastructure. The tour continued at Sonker port, where the minister reviewed progress on laying horizontal pipelines that will connect a future regasification vessel to the national grid. He also examined the installation of a 36-inch, 17-kilometer gas import pipeline, which will serve as a vital conduit for the third FSRU expected to dock at the site. During the visit, Badawy received detailed briefings from Yasser Salah, Chairperson of GASCO, and Walid Lotfy, Chairperson of Petrojet. The two entities are collaborating on LNG infrastructure projects at both SUMED and Sonker ports. GASCO led the engineering and technical studies, sourced materials and equipment, and provided project management. Petrojet executed the construction, which includes two high-capacity marine and onshore pipelines, and the installation of two massive 16-inch-diameter loading arms—among the largest globally—to ensure efficient regasified gas handling. The SUMED project has been finalized and is fully operational in anticipation of the second FSRU's arrival. Meanwhile, construction continues at Sonker port to ready the infrastructure for the docking of a third regasification vessel. These developments are part of a broader national effort to reinforce Egypt's natural gas supply chain and ensure stable electricity production during the high-demand summer period.
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).
