BW Singapore FSRU in Egypt has Been in Full Operation

BW Group on Monday said its LNG Floating Storage and Regasification unit (FSRU) in Egypt has been in full operation since October 2015.

BW Singapore, which is currently at Ain Sokhna, Egypt, was delivered and commissioned in three months from the date of contract-signing, which is a world record, the company said.

According to BW Group, since operations commenced, BW Singapore has carried out more than 10 Ship-to-Ship (STS) operations and sent out between 500-600 mmscf/d of natural gas on a daily basis into the national grid.

BW has noted recent press reports regarding payment issues in Egypt, but can confirm that payment for due hire has been received, the company said.

From being an energy exporter Egypt has turned into an importer due to falling domestic gas output. To fill the demand gas, government has been inking LNG imports deals in past many months. To facilitate imports of LNG, Egypt has taken delivery of two floating LNG terminals. Last year EGAS took delivery of FLNG terminal from BW Group and Höegh LNG.

Cairo is looking to rent a third floating terminal as well.