Latest news with #FSRU
See - Sada Elbalad
3 days ago
- Business
- See - Sada Elbalad
EgyptAir Cargo Transports Giant Marine Loading Arms to Support Regasification Units
Taarek Refaat EgyptAir Cargo has successfully received two Antonov AN-124 aircraft at Cairo International Airport to transport two massive shipping arms, key components of floating storage regasification units (FSRU), in a pivotal move to bolster Egypt's energy infrastructure. These units are critical for the country's ongoing efforts to secure its energy needs, with the parts being delivered to the UGDC quay at Damietta Port. The Massive shipping arms, also known as Marine Loading Arms (MLAs), are indeed key components of Floating Storage Regasification Units (FSRUs). This operation is part of a broader national strategy aimed at enhancing Egypt's energy capacity and ensuring stable supply chains for the country's growing demand for liquefied natural gas (LNG). The FSRU units will play a crucial role in LNG storage and regasification, allowing Egypt to import natural gas more efficiently, process it, and distribute it for domestic and international markets. The shipment of these specialized components signifies a major step in the country's efforts to diversify and expand its energy resources. The floating storage and regasification units (FSRUs) will be installed at the UGDC facility in Damietta, one of Egypt's most strategic natural gas terminals. These units are designed to receive, store, and transform LNG into a vaporized state for transportation through the national gas pipeline network, facilitating energy imports and optimizing storage capacity. "These large and complex components are integral to our ability to ensure energy security for Egypt in the long term," stated an official from EgyptAir Cargo. "By leveraging the world's largest cargo aircraft, we are not only ensuring the safe delivery of these components but also demonstrating our commitment to supporting national infrastructure projects." Strategic Importance of the UGDC Project The UGDC terminal at Damietta Port holds strategic importance in Egypt's LNG infrastructure. The new FSRU units will not only enhance Egypt's capacity to process and store LNG but also reinforce the country's role as a key player in the global energy market. The initiative is part of a larger effort to develop Egypt's natural gas reserves and ensure the country remains self-sufficient in its energy needs while also maintaining its position as a significant exporter of energy. 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 "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream Arts & Culture Hawass Foundation Launches 1st Course to Teach Ancient Egyptian Language
Yahoo
07-07-2025
- Business
- Yahoo
Kinetics awards seventh FSRU project to Seatrium
Global offshore solution provider Seatrium has secured a contract for a floating storage regasification unit (FSRU) conversion by Kinetics, an energy transition initiative under Karpowership. This follows the option for a fourth project confirmed between two companies in April 2024. Kinetics CEO Mehmet Katmer stated: 'Seatrium's proven track record, engineering expertise and technical capabilities make them an invaluable partner in supporting our mission to deliver reliable and sustainable energy solutions worldwide. This final contract represents a significant milestone in Kinetics' ambition to lead the global FSRU market in the coming years.' The project, set to commence in the third quarter (Q3) of 2025, will see an LNG [liquefied natural gas) carrier (LNGC) converted into a floating storage and regasification unit (FSRU) named LNGT Turkiye. The conversion will encompass the installation of a regasification module - a spread-mooring system. It also involves supporting systems integration, which includes offloading, cargo handling, utility, electrical and automation systems. Kinetics is an energy company that specialises in the building, development, delivery and leasing of floating LNG assets and renewable energy platforms, including battery energy storage systems, intended to meet the requirements of utilities, and independent power producers. Seatrium repairs and upgrades executive vice-president Alvin Gan stated: 'We truly appreciate the trust from Kinetics in awarding us this important seventh FSRU project. This contract is a testament to the successful strategic partnership between our companies, that includes four projects delivered to date: Karmol LNGT Powership Africa, Asia, Europe and most recently, Antarctica. 'Presently, two more FSRU conversion projects for Kinetics are in progress at our yard, with deliveries scheduled later this year and in the first quarter of 2026. These projects underscore Seatrium's unwavering commitment to excellence, innovation, and customer satisfaction, further cementing our position as a pioneer and market leader in the specialised FSRU conversion sector.' Singapore-headquartered Seatrium delivers engineering solutions to the global offshore, marine and energy industries. In early 2025, Seatrium won a significant contract from Höegh Evi, Norway, for the conversion of an LNG carrier into an FSRU. "Kinetics awards seventh FSRU project to Seatrium" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Zawya
07-07-2025
- Business
- Zawya
Egypt secures natural gas supplies to all sectors via 4 FSRUs
Arab Finance: The Ministry of Petroleum and Mineral Resources is securing natural gas supplies to all sectors via four floating storage and regasification units (FSRUs), according to a statement. This move comes within the first pillar of the ministry's strategy to boost production and secure the state's needs of energy. It helps fulfill the demands of the electricity, industrial, and economic sectors safely and sustainably in line with the changing regional and internation energy market. The strategy aims to diversify the inputs into the national natural gas network to include production from domestic fields, pipeline-imported gas, and liquefied natural gas (LNG). Additionally, the ministry signed several agreements with leading international companies to lease advanced FRUs, which will expand the system's capacity and support a stable supply during peak periods. The ministry also highlighted efforts to prepare several new berths and connect them to the national gas grid, sustainably boosting Egypt's gas infrastructure. This will ensure balanced distribution between supply and demand areas to maximize the stability of the national grid. Berths have been deployed at the Sumed and Sonker ports in Ain Sokhna, in addition to the United Gas Derivatives Company (UGDC) berth in Damietta. This comes as part of the final phase of connecting the FSRUs to their designated berths according to the planned timeline. The 'Hoegh Galleon' unit has been deployed at Ain Sokhna since 2024, while the 'Energos Eskimo' and 'Energos Power' are connected to the Sumed and Sonker berths in Ain Sokhna. This is in addition to the 'Winter' unit connected to UGDC's berth in Damietta. Hence, the four units' combined daily capacity during the peak consumption of 2025 will stand at 2,700 million cubic feet. In cooperation with Jordan, a fifth FSRU, Energos Force, is expected to arrive at the Port of Aqaba by the end of July, as it will be connected to the Arab Gas Pipeline. This will add a new gateway to the national grids, enhancing the ability to respond to any emergencies during the summer, with a regasification daily capacity of up to 750 million cubic feet. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
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
Business Times
03-07-2025
- Business
- Business Times
Seatrium secures floating storage regasification unit project from energy company Kinetics
[SINGAPORE] Seatrium has secured a floating storage regasification unit (FSRU) conversion contract from energy company Kinetics, a spin-off from Turkish energy group Karpowership. The project, set to commence in the third quarter of 2025, involves the conversion of a liquefied natural gas carrier into an FSRU named LNGT Turkiye, Seatrium said on Thursday (Jul 3). The scope of work includes the installation of a regasification module, a spread-mooring system and the integration of key supporting systems such as cargo handling, offloading, utility, electrical and automation systems. Alvin Gan, executive vice-president for repairs and upgrades at Seatrium, said that the project is the seventh FSRU partnership between the two companies. Seatrium has delivered four projects for Kinetics to date and it is working on two more FSRU conversion projects, slated to be delivered later this year and in the first quarter of 2026, Gan said. In June, it delivered its fourth FSRU project for Kinetics, the Karmol LNGT Powership Antarctica, he added. Mehmet Katmer, chief executive officer of Kinetics, said that the contract is a 'significant milestone' for the company as it aims to expand its FSRU fleet and become a global leader in the FSRU market in the coming years. Shares of Seatrium were up 0.5 per cent or S$0.01 at S$2.06 as at 9.39 am on Thursday.
