Egypt expects delay in Hoegh gas import terminal project | Egypt expects delay in Hoegh gas import terminal project -
Hoegh-LNG-FSRU

Egypt expects delay in Hoegh gas import terminal project

: Monday, June 30 - 2014 @ 05:24

Egypt expects a delay in the delivery of an import terminal for liquefied natural gas (LNG), a plant that is expected to help it combat the worst energy crisis in years, Reuters has reported, citing a source at Egyptian Natural Gas Holding Co (EGAS). Egypt’s oil ministry and Norway’s Hoegh LNG said in May they had agreed for Egypt to use one of Hoegh’s Floating Storage and Regasification Units (FSRU) for five years and that the terminal would be in place by September. “We haven’t yet reached a final agreement with Hoegh. The terminal will not arrive in September as had been announced before. It will arrive in October or November,” the source told the news service. “It is expected that we will overcome the obstacles during a visit from a delegation of the Norwegian company next week and that we reach a final agreement,” said the source. He declined to explain what obstacles remained to the final agreement.

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Monday, June 30- 2014 @ 5:24 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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