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Egypt to Begin LNG Imports as Floating Terminal Arrives

Egypt moved closer to easing its chronic power shortages on Thursday as the arrival of a floating import terminal marked the start of imports of super-cooled liquefied natural gas (LNG). The Hoegh Gallant floating storage and regasification unit (FSRU) from Norway's Hoegh LNG arrived off Ain Sukhna on the Gulf of Suez, an official at state gas board EGAS told Reuters. It is carrying an initial cargo of 160,000 cubic meters of LNG. Egypt has exported LNG in the past, but the...

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