In a bid to tackle crippling energy shortages in the country, Egypt has issued a five-year tender to lease a second liquefied natural gas (LNG) import terminal.
“We launched yesterday a tender to lease a second LNG import terminal for a period of five years. We have sent it to eight international companies and we expect to get a reply within a week,” Khaled Abdel Badie said in a telephone interview with Reuters.
The plant will be Egypt’s second, following the arrival of an import terminal from Norway’s Hoegh LNG last month.
Egypt has struck a number of LNG supply deals, including a March agreement with Russia’s Gazprom to import 35 cargoes of LNG.
