Ramsco's Women Empowerment Initiative Recognized Among Top BRICS Businesswomen Practices for 2025    Egypt, Elsewedy review progress on Ain Sokhna phosphate complex    Gold prices end July with modest gains    Pakistan says successfully concluded 'landmark trade deal' with US    Egypt's FM, US envoy discuss Gaza ceasefire, Iran nuclear talks    Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Electricity Ministry says new power cable for Giza area operational    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Federal Reserve maintains interest rates    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Rafah Crossing 'never been closed for one day' from Egypt: PM    I won't trade my identity to please market: Douzi    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt's EHA, Huawei discuss enhanced digital health    Egypt, Oman discuss environmental cooperation    Egypt's EDA explores pharma cooperation with Belarus    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



EGAS to launch international tender to import 500m cubic feet of gas daily
Published in Daily News Egypt on 10 - 12 - 2014

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.
"The company has received seven offers from Arab and foreign companies as well as a subsidiary company of the Egyptian petroleum sector in the current gas import tender," Abdel Badie said. "As soon as the technical and commercial overview is complete, the decision will be announced before the end of this month."
He said that the contract for importing LNG shipments will be for two years subject to renewal, and will be signed with companies to supply around 40 shipments annually.
He said the LNG price will be in accordance with international prices at the time of supply, adding that there will not be a specified price due to the fact that prices vary in markets.
Abdel Badie confirmed that Algeria's SONATRACH and Russia's Gazprom did not apply for the current tender. However, both companies contracted to supply 14 shipments of LNG and because of this have not submitted offers for the tender.
Abdel Badie has signed the final contract with Norway's Hoegh LNG Ltd Chairman Sveinung Støhle for the first LNG vessel to receive and store the LNG shipment. The vessels will also return the supplies to their gaseous states, and then pump them to the national network of natural gas.
The contract includes renting the vessel for five years in order to provide quantities of natural gas in excess of 500 million cubic feet per day in order to fill part of additional requirements for power plants.


Clic here to read the story from its source.