Egypt's tender for a third FSRU draws interest from four firms (updated)

Enterprise

20/07/2016 11:21

(Add quotes, background) 
    CAIRO, July 20 (Reuters) - Egypt's tender to lease a third 
floating and storage regasification unit (FSRU) has drawn 
interest from four international firms, an Egyptian official 
told Reuters on Wednesday. 
    Once a net energy exporter, Egypt began imports of liquefied 
natural gas (LNG) last year and has leased two FSRUs already to 
help avert power shortages caused by falling energy production 
and rising consumption. 
    The firms that have expressed interest in the latest tender 
include Norway's Hoegh  HLNGH.OL , U.S. firm Excelerate Energy 
and Singapore-based Norwegian gas shipping company BW Gas 
 BWGAS.UL , the ministry official said, declining to name the 
fourth firm. 
    Hoegh delivered Egypt's first FSRU in April 2015 and BW Gas 
supplied the second in September. 
    "The door to present offers is open until the end of next 
week so offers can be decided on in the period between the end 
of August and the beginning of September," the official said. 
    The tender by Egyptian state-run gas company EGAS is seeking 
an FSRU with a capacity of 750 million cubic feet per day, an 
official told Reuters on June 29. 
    Egypt's gas shortfall has led to rationing among 
energy-intensive industries such as steel mills and fertiliser 
plants and caused some output disruption last year. 
 
 (Reporting by Ehab Farouk; writing Asma Alsharif and Lila 
Hassan; editing by Louise Heavens and Jason Neely) 
 ((asma.alsharif@thomsonreuters.com; +20225783290; Reuters 
Messaging: asma.alsharif.reuters.com@reuters.net)) 
 
Keywords: EGYPT GAS/TENDER