Latest news with #UnitedGasDerivativesCompany
CairoScene
07-07-2025
- Business
- CairoScene
Egypt Receives World's Largest Marine Loading Arm
The arm will serve the country's fourth floating storage regasification unit to enhance system responsiveness and expand supply capacity during periods of fluctuating demand. Jul 07, 2025 Egypt has received the world's largest marine loading arm as part of efforts to expand its natural gas infrastructure ahead of the summer season. The equipment - delivered to Cairo International Airport by one of only four Antonov aircraft capable of carrying such oversized cargo - is designated for installation at the United Gas Derivatives Company (UGDC) dock in Damietta. It will serve the country's fourth floating storage regasification unit (FSRU), named Winter, which is expected to begin operations in the coming weeks. The Ministry of Petroleum confirmed that this development falls within a broader national strategy to maintain the stability and resilience of natural gas supplies. The unit is scheduled to be connected to the national gas grid through the Damietta facility, with the aim of supporting increased demand from power generation and industrial sectors during the peak summer period. In parallel, regional supply efforts are also underway. The regasification unit Energius Force is expected to arrive at Jordan's Aqaba port later this month, where it will be connected to the Arab Gas Pipeline. This is intended to provide emergency capacity and support regional energy stability.
Daily News Egypt
06-07-2025
- Business
- Daily News Egypt
Final marine loading arm for ‘Winter' regasification unit arrives in Cairo
Minister of Petroleum and Mineral Resources Karim Badawi has announced the arrival of the final marine loading arm designated for Egypt's fourth floating regasification unit, known as 'Winter', marking a significant step in the country's ongoing efforts to secure and stabilise natural gas supplies during the high-demand summer season. The loading arm, described as the largest of its kind globally, was transported to Cairo Airport aboard an Antonov cargo aircraft—one of only four in the world capable of carrying such large-scale industrial components. Its arrival underlines Egypt's proactive strategy to ensure the full operational readiness of its floating regasification infrastructure, a cornerstone of national energy security. Once installed, the unit will be connected to the national gas grid via the United Gas Derivatives Company (UGDC) in Damietta, in preparation for the commencement of operations according to the approved schedule. This step reinforces Egypt's commitment to maintaining uninterrupted gas flows across key sectors throughout the country. In parallel, the floating regasification unit 'ENERGOS FORCE' is expected to dock at Jordan's Aqaba Port later this month. The vessel is currently undergoing final technical preparations and will serve as an emergency backup unit—further enhancing the resilience of the regional gas supply chain via the Arab Gas Pipeline. The Ministry of Petroleum emphasised that these developments are part of a broader strategic vision aimed at improving the flexibility, reliability, and emergency responsiveness of Egypt's natural gas system. The enhancements to regasification capacity not only support domestic energy needs but also position Egypt as a regional energy hub, capable of adapting to fluctuations in demand and addressing potential supply disruptions.
Egypt Independent
06-07-2025
- Business
- Egypt Independent
Egypt secures gas supplies to all sectors with four FSRUs vessels
The Egyptian Ministry of Petroleum and Mineral Resources devised a comprehensive plan to develop and transform the gas sector's infrastructure, in the first part of a strategy to increase production and secure the country's energy needs. This plan aims to enhance Egypt's ability to secure all the needs of the electricity sector, as well as various industrial and economic sectors, in a safe and sustainable manner. This plan keeps pace with regional and international changes in the energy market and enables the country to diversify inputs to the national grid when necessary. It includes expanding the import of advanced floating regasification units, which represent a strategic addition to diversifying inputs to the national natural gas grid to include local field production, pipeline import gas, and liquefied natural gas (LNG). Several agreements have been signed with leading international companies to lease modern Floating Storage Regasification Units (FSRUs), increasing the system's capacity and supporting supply stability during peak periods. In parallel, work has been underway to equip several new berths and connect them to the national natural gas grid. This will achieve a sustainable addition to Egypt's natural gas infrastructure, while ensuring a balance between supply and consumption areas to maximize the stability of the national grid. The quays at Sumed and Sonker ports in Ain Sokhna, and the United Gas Derivatives Company quay in Damietta, have been prepared for the final step of connecting the FSRUs to their designated quays, according to the planned schedule. This will bring regasification capacity during peak consumption in 2025 to 2,700 million cubic feet per day. This includes the Hoegh Galleon unit in Ain Sokhna starting in 2024, the Energos Eskimo and Energos Power units, which will be connected to the Sumed and Sonker port quays in Ain Sokhna, and the Winter unit, which will be connected to the United Gas Derivatives Company quay in Damietta. This brings the total number of FSRUs available in Egypt during the peak summer season to four. This comes in addition to close cooperation with Jordan, which has resulted in the arrival of another FSRU, 'Energy Force,' which will arrive at the port of Aqaba in Jordan in late July to connect to the Arab Gas Pipeline. This provides a new addition to both countries by providing a new gateway to the national grids, enhancing the ability to respond to any emergencies this summer with a regasification capacity of up to 750 million cubic feet per day.
See - Sada Elbalad
06-07-2025
- Business
- See - Sada Elbalad
Egypt Receives World's Largest Regasification Unit to Bolster Regional Energy Security
Taarek Refaat Egypt has taken a major step toward reinforcing its natural gas infrastructure with the arrival of the world's largest marine loading arm, marking a crucial development in its strategic energy plans ahead of the high-demand summer season. The giant boom, which arrived this week at Cairo International Airport, was transported aboard an Antonov cargo aircraft—one of only four planes globally capable of carrying such massive loads. The equipment will be installed at the United Gas Derivatives Company (UGDC) dock in Damietta, as part of final preparations to commission Egypt's fourth floating storage regasification unit (FSRU), named Winter. According to officials, the Winter unit is the latest addition to Egypt's floating gas infrastructure and will soon be connected to the national gas grid through the Damietta facility. The FSRU is expected to enhance supply to power plants and high-consumption industrial sectors during the seasonal surge in energy demand. Karim Badawi, Egypt's Minister of Petroleum and Mineral Resources, witnessed the arrival of the final marine loading arm at Cairo International Airport. The arm, designated for the country's fourth floating storage regasification unit (FSRU), Winter, was airlifted aboard an Antonov cargo aircraft—one of only four aircraft globally capable of transporting such oversized equipment. The loading arm, the largest of its kind in the world, is scheduled to be installed at the United Gas Derivatives Company's dock in Damietta. This forms a critical step in preparations to connect the Winter unit to Egypt's national gas grid and begin operations according to the set timeline. This strategic move comes as part of the Ministry of Petroleum's broader plan to ensure the sustainability and reliability of natural gas supplies, particularly during the high-demand summer period. The installation of the arm and integration of the Winter FSRU are expected to significantly enhance the capacity and resilience of the national gas infrastructure. The ministry emphasized that the operation reflects Egypt's commitment to energy security and readiness, as well as its ongoing efforts to reinforce the country's position as a regional energy hub. This latest move underscores Egypt's commitment to modernizing its energy infrastructure and expanding its role as a regional gas hub. The deployment of *Winter* follows a growing trend of utilizing mobile FSRUs to increase flexibility and rapid response in gas delivery, especially in periods of fluctuating demand. Regional Reinforcement via Jordan's Aqaba Port Complementing these domestic developments, the floating regasification unit Energius Force is scheduled to arrive at Jordan's Aqaba port later this month. The unit will operate through the Arab Gas Pipeline, providing additional emergency capacity and helping stabilize energy supply across the region. Technical teams are currently finalizing preparations to integrate the unit into the existing network, which supports both Jordan and neighboring countries. The Egyptian Ministry of Petroleum emphasized that these efforts are part of a broader, long-term strategy aimed at reinforcing regional energy resilience. By enhancing gasification capabilities and expanding infrastructure, Egypt aims to maintain a stable flow of natural gas to vital sectors—including electricity generation and heavy industry—especially during peak consumption periods. 'The arrival of the loading boom and the deployment of Winter reflect our commitment to energy readiness and supply security,' a ministry spokesperson said. 'These developments position Egypt as a key player in regional energy integration and emergency response.' With energy systems in the Eastern Mediterranean facing increased stress during summer months, Egypt's proactive approach highlights its growing leadership in regional gas logistics and infrastructure modernization. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War News Flights suspended at Port Sudan Airport after Drone Attacks News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
