Second FSRU arrives in Egypt

According to a statement by Egypt’s Ministry of Petroleum and Mineral Resources on Monday, the FSRU arrived at the Alexandria Port.

Karim Badawi, Minister of Petroleum and Mineral Resources, witnessed the arrival of Energos Power vessel at the Tahya Misr terminal.

The charter of the vessel is part of Egypt’s strategic plan to ensure stable energy supply during peak summer demand, the statement said.

Earlier this month, Germany’s Ministry for Economic Affairs and Energy confirmed to LNG Prime that it had signed a deal with Egypt’s state-owned EGAS to sub-charter the FSRU.

In February, private firm Deutsche ReGas announced that it had terminated the charter contract for the FSRU Energos Power, one of the two FSRUs operating at the Mukran LNG import terminal, with the German government.

The unit, with a regasification capacity of up to 7.5 bcm per year, is on a ten-year charter deal with the BMWK, which started in 2023.

Energos Infrastructure, a part of US asset manager Apollo, owns this FSRU.

Egypt boosting LNG imports

Egypt shifted from being an LNG exporter to an importer early last year due to declining domestic gas production and rising demand for cooling amid multiple heatwaves.

The FSRU joins the 170,000-cbm Hoegh Galleon, which is located at the Sumed port in Ain Sokhna.

Norwegian FSRU player Hoegh Evi recently signed a new charter deal with Egypt’s EGAS to deploy a converted FSRU in Egypt.

Hoegh Evi will convert the LNG carrier Hoegh Gandria to a floating storage and regasification unit.

The FSRU Hoegh Gandria will be deployed in the fourth quarter of 2026 to the Port of Sumed and will supply up to 1,000 mmscf/day of peak LNG regasification capacity.

It will replace the FSRU Hoegh Galleon, which was deployed to Egypt in July 2024, on an interim charter from Australian Industrial Energy (AIE) and Hoegh Evi.

According to Hoegh Evi, Galleon will remain in Egypt for up to an additional year before deployment to AIE’s LNG terminal in Port Kembla, Australia in 2027. 

In December 2024, Egypt’s EGAS also signed a deal with US LNG player New Fortress Energy to charter another FSRU.

Energos Infrastructure also owns Energos Eskimo, which is currently located in Jordan and is expected to arrive soon in Egypt.

Most recently, EGAS signed a charter deal with Turkiye’s Botas to deploy one of Turkiye’s operational FSRUs in Egypt.

The FSRU will work in Egypt for seasonal LNG imports.