Egypt to Boost LNG Imports as Soaring Demand Outpaces Local Supply

Egypt to Boost LNG Imports as Soaring Demand Outpaces Local Supply

State firm Egyptian Natural Gas Holding Company (EGAS) has signed a 10-year agreement with Hoegh Evi to have it deploy a floating LNG import unit near Alexandria on the Mediterranean, as the North African country struggles to meet soaring gas and power demand amid dwindling domestic production. Hoegh Evi will deploy the LNG carrier, the Hoegh Gandria, at Sumed near Alexandria in late 2026, the company told Bloomberg in a statement on Monday. The…

Egypt Signs Long-Term Deal for Terminal to Extend LNG Imports

Egypt signed a 10-year deal with Höegh Evi Ltd. for a floating liquefied natural gas import terminal, signaling the North African nation’s long-term dependency on fuel imports.

Egypt Signs EGP 15.6 Billion Deal for Alexandria’s Metro Project

Egypt’s National Railway Industries Company (NERIC) has signed a €275 million (approximately EGP 15.16 billion) agreement with the National Authority for Tunnels (NAT) on Saturday, 10 May, to manufacture and deliver 21 new metro trains for Alexandria’s upcoming electric metro line, according to a statement by the Egyptian cabinet.  The contract, announced during Prime Minister Mostafa Madbouly’s visit to NERIC’s factory in East Port Said on Satu…

Egypt signs Long-Term agreement to extend liquefied natural gas

Egypt has recently entered into a significant 10-year agreement with Hoegh Effie Ltd. to construct a floating terminal dedicated to importing liquefied natural gas (LNG), a development that signals the North African nation’s increasing reliance on fuel imports due to rising domestic energy demand and a steep decline in local natural gas production. The deal […]

Egypt Enhances Gas Infrastructure with New Hoegh Gandria FSRU Charter

EGAS, Egypt’s state-owned gas company, has signed a new charter contract with the Norwegian FSRU operator Hoegh Evi to reinforce its national gas infrastructure. The

Egypt Advances Two Spots Globally in Fixed Internet Speed

Egypt advanced two places in the global average fixed internet speed in March, ranking 71st with 87.15 Mbps, according to the Speedtest Index.