The Egyptian Natural Gas Holding Company (EGAS) is looking into preparing Adabiya Port in Suez to be able to receive the second gasification ship, after being unable to receive it in Sokhna Port for security reasons. A senior official at EGAS said in a statement that a committee from the company was sent to study Adabiya Port. The committee agreed that the port can be prepared within a period of three to six months so that it can receive the second gasification ship to import an additional 500m cubic feet of gas daily. The official added that the second ship will have more than 42 liquefied natural gas (LNG) shipments on an annual basis, and the single shipment volume will reach 140,000 to 170,000 cubic feet. According to the official, EGAS is negotiating with a number of foreign companies to supply the gasification ship by the end of this year. The second LNG shipment will reach Ain Sokhna port by the end of this month, on the Norwegian Hauge ship, to be pumped in the national network. The commercial operations of the Hauge ship will start by the end of the month, and roughly 500m cubic feet will be pumped on a daily basis. Currently, trial operations for the ship are taking place. Hauge has signed the final agreement for the first floating ship to receive and store the LNG shipments, then convert them into the gaseous state to be sent to the National Natural Gas Network. The contract includes renting the ship for five years to provide an amount of natural gas exceeding 500m cubic feet daily in order to meet the additional demands of the electricity stations. The final contract was signed after Hauge won a global bid by EGAS last year, where Malaysian, American, and Dutch companies also participated. As per the agreement, EGAS and the winner companies agreed to supply electricity stations with a weekly amount of LNG to meet their needs.
