Höegh LNG announced a significant partnership through an agreement between Australian Industrial Energy Pty Ltd (AIE) and the Egyptian Natural Gas Holding Company (EGAS) for the deployment of the Floating Storage and Regasification Unit (FSRU) Hoegh Galleon. This deal underscores the strategic efforts to provide energy security for Egypt, as Hoegh Galleon is set to be situated in Ain Sokhna, a key player in marine logistics and a strategic spot for the country’s energy supply chain. The placement of the Hoegh Galleon FSRU is poised to enhance Egypt’s capacity in handling and storing liquefied natural gas (LNG), ensuring the continuous and reliable supply of energy necessary for economic growth and stability. It further demonstrates the collaborative efforts of private sector entities like Höegh LNG, an international maritime company, and state-linked organizations such as EGAS in addressing critical infrastructure needs, while supporting Egypt’s long-term energy strategies.

Energy & Utilities, Maritime & Shipping, Oil & Gas,Egypt, Australia

https://www.petroleumafrica.com/hoegh-lng-and-egas-ink-deal-for-fsru-deployment/