Under a charter agreement with Egyptian Natural Gas Holding Co., the Hoegh Gandria will be deployed at the port of Sumed in the fourth quarter of 2026, the marine energy infrastructure company said in an emailed statement to Bloomberg. The vessel, which has been serving as an LNG carrier, will immediately begin its conversion to a floating storage and regasification unit.
Rising domestic demand, hot summers, and rapidly deteriorating domestic production mean Egypt needs to buy increasing volumes of LNG. The country has already made plans to add several units to import the fuel and is in talks with Qatar over long-term gas supply contracts from the Gulf emirate.
The FSRU, supplying as much as 1,000 million standard cubic feet of gas a day at peak capacity, will replace the Hoegh Galleon, which is currently serving as Egypt’s only operational LNG import terminal. Höegh Evi provided
that vessel to Egypt for 19 to 20 months last year when the nation made a dramatic turn from a net LNG exporter to a net importer.The Hoegh Galleon will remain in Egypt for as long as one more year before deployment to Australia in 2027.
(Bloomberg, May 12, 2025)