This unit is intended to receive liquefied gas shipments, convert them back to gas form, and integrate them into the national grid.
The Egyptian government agreed with the Italian company Eni to construct a fixed gasification unit in Damietta, at a cost of $150 million without a cargo storage warehouse, according to a government official who spoke to Asharq Bloomberg.
This gasification aims to receive imported shipments of liquefied gas and return it to its gaseous state. The source also pointed to the floating unit whose manufacture is being negotiated.
Egypt and Jordan are exploring the possibility of collaborating with an international company to manufacture a floating gasification unit, as per sources cited by Asharq Bloomberg in July.
This unit is intended to receive liquefied gas shipments, convert them back to gas form, and integrate them into the national grid.
In August, a government official who spoke to Asharq Bloomberg stated that the Egyptian government aims to increase Egypt’s natural gas production by the end of this year to about 5 billion cubic feet per day, compared to about 4.6 billion cubic feet per day at the present time.
Recently in July, Egypt has launched a new tender to import five shipments of liquefied gas next August and September, according to a government official who spoke to Asharq Bloomberg.
The official confirmed that Egypt will permanently issue tenders to import gas until local production rises again.
Recently in July, Prime Minister, Mostafa Madbouly, said that Egypt’s daily energy consumption exceeded 37 gigawatts, an increase of 12% over last year, which means a deficit of 4 gigawatts.
