EgyptAlexandria Energy Storage Power Supply Procurement

Will a fourth FSRU help improve gas supply in Egypt?

A fourth FSRU is expected to arrive soon to help improve gas supply. In 2024, natural gas accounted for 47% of Egypt's primary energy consumption and for 81% of its power mix. The same year, Egypt imported 13 bcm of gas (including 4.4 bcm of LNG) World LNG Database offers a complete set of data on LNG markets.

Why did Egyptian natural gas lease a liquefied natural gas import terminal?

Last year, Egyptian Natural Gas Holding sought to lease a liquefied natural gas import terminal from providers of FLNG units to get ahead of the scorching summer season that routinely triggers power blackouts due to the heavier load.

How is Energos power ensuring a stable and uninterrupted power supply?

Badawi emphasized ongoing coordination between the Ministries of Petroleum and Electricity, alongside other key stakeholders, to ensure a stable and uninterrupted power supply throughout the summer. The Energos Power has a storage capacity of 174,000 cubic meters of gas.

Why is Egypt launching a new oil and gas bid round?

Separately, Egypt has just launched a new oil and gas bid round and is inviting international companies to bid for 13 offshore and onshore blocks in a licensing round as it aims to boost domestic oil and gas production. Companies are invited to bid on six new exploration areas and seven undeveloped discoveries.