Floating LNG units meet 40% of Egypt's gas
The article discusses the importance of LNG (liquefied natural gas) regasification ships in Egypt and their crucial role in securing the country's domestic gas needs. It highlights that Egypt currently relies on four regasification ships operating simultaneously, providing approximately 2.7 billion cubic feet per day, which accounts for about 40% of the local gas consumption, to ensure continuous electricity and industrial supply during the summer months. The article notes that Egypt first utilized these ships between 2015 and 2018 due to low domestic production, then ceased their use after achieving self-sufficiency. However, they were reintroduced as demand increased and consumption grew. It explains that these ships represent a quick and flexible strategic option compared to land-based regasification plants. The country is planning to add a fifth vessel in the third quarter of the year to enhance capacity. Despite Egypt's expanding gas imports, reliance on these ships remains necessary, with future plans to reduce imports through developing local fields. Nonetheless, dependence on regasification units will continue as part of Egypt’s energy security strategy, especially amid ongoing supply-demand gaps and projected consumption growth across various sectors.
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