Daily News Egypt: EGAS to launch international tender to import 500m cubic feet of gas daily

Egyptian Natural Gas Holding Company (EGAS) has offered a second tender to import 500m cubic feet of gas for power plants daily, according to EGAS Chairman Khaled Abdel Badie.

In exclusive statements made to Al-Borsa, Abdel Badie said EGAS will launch a tender soon to rent another gas vessel.

He added that a second, Hoegh LNG Ltd-owned, liquid natural gas (LNG) vessel is expected to be received in Port Said to receive a further 500m cubic feet of gas per day, and will reach the Port of Ain Sukhna by next March.

He stressed that the total 1bn cubic feet of gas that will be imported daily from both tenders will meet the needs of power plants only.
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