Hoegh LNG Partners Appoints New CFO
The floating liquefied natural gas (LNG) company Höegh LNG Holdings announced that Håvard Furu is appointed as new Chief Financial Officer (CFO) of Höegh LNG AS effective 1 March 2019.The interim CFO, Steffen Føreid, will step down effective 1 March 2019 and will from then continue in his role as Chief Executive Officer and Chief Financial Officer of Höegh LNG Partners LP.Håvard Furu comes from the position as CFO of law firm Wikborg Rein.
Four Firms Could Tender for Egypt's Regasification Needs
Four international firms expressed interest in Egypt's tender to lease a third regasification unit, an Egyptian official told Reuters on Wednesday. The firms include Norway's Hoegh, US firm Excelerate Energy and Singapore-based Norwegian gas shipping company BW Gas. Egypt's EGAS has launched a tender to lease a third floating and storage regasification unit (FSRU) with a capacity of 750 million cubic feet per day, an official told Reuters on June 29. Reporting by Ehab Farouk
Egypt's Launches Tender for Another FSRU
Egypt has launched a tender to hire a third floating and storage regasification unit (FSRU) to import liquefied natural gas (LNG), an official from state-run energy firm EGAS told Reuters. Egypt, a former energy exporter but now net importer due to falling production and rising consumption, began LNG imports last year to help avert blackouts on its overworked power grid. The official said the tender was launched on Tuesday seeking an FSRU with a capacity of 750 million cubic feet per day and would close in two weeks.
Pakistan Seeks Another LNG Import Terminal
Government aims for second terminal startup by mid-2017. Pakistan has launched a tender for a second liquefied natural gas (LNG) import terminal, a government official said on Tuesday. The nation of 190 million people can only supply about two-thirds of its gas needs. The ruling party, which campaigned on promises of solving the energy crisis, wants to ease shortages by expanding LNG shipments before a 2018 general election.
Zohr Discovery Could end Egypt LNG Imports
Egypt hopes to stop importing LNG by 2020; Zohr has potential 30 trillion cubic feet (tcf) of gas. The huge Zohr natural gas field discovered by Eni off the coast of Egypt, could tip the country back into exporting liquefied natural gas (LNG), making the bright spot of demand it has created in an oversupplied global gas market short-lived. Once an energy exporter, declining oil and gas production and increasing consumption had turned Egypt into a net energy importer…
BW Gas Floating LNG Terminal Arrives in Egypt
A second liquefied natural gas (LNG) import terminal arrived in Egypt without cargo on Wednesday and will start operating in the third week of October, state gas board EGAS head Khaled Abdel Badie told Reuters. The floating storage and regasification unit (FSRU) provided by Singapore-based Norwegian gas shipping company BW Gas will allow Egypt to import LNG and reconvert it to natural gas to feed into the energy-starved country's power grid. Reporting by Abdelrahman Adel
Egypt Seeks LNG Cargoes via Jordan
Egypt is seeking liquefied natural gas (LNG) via Jordan, three traders told Reuters on Friday, as the two neighbours bolster LNG imports following their recent installation of floating storage and regasification units (FSRUs). State-owned gas company EGAS is seeking four LNG cargoes for delivery to Jordan's Aqaba gas terminal which will then be piped to Egypt, the traders said. EGAS has approached existing suppliers for two cargoes to be delivered in September and two in October, the traders said.
Asian LNG Spot Prices Firm
Asian liquefied natural gas (LNG) spot prices for September delivery were firm this week, supported by supply issues in Nigeria after a pipeline leak, though surplus global supplies helped ease concerns. The price of Asian spot cargoes held steady at around $8.00 per million British thermal units (mmBtu), from $7.95/mmBtu last week. Shell confirmed on Thursday that it had declared force majeure on gas supplies to Nigeria's LNG export terminal on Bonny Island in Rivers State due to a pipeline leak.
EGAS: BW Gas Providing Egypt with Floating LNG Terminal
Norway-based BW Gas will provide Egypt with the country's second liquefied natural gas (LNG) floating terminal under a five-year contract, an official at state company EGAS told Reuters on Monday. The terminal will have a capacity of 750 million cubic feet per day, the official said. (Reporting by Ehab Farouk
