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EGYPT LNG: Egypt is set to take delivery of a floating, storage and regasification unit (FSRU) in the coming days, enabling the North African country to start directing LNG imports as it faces its second gas supply crunch in a decade. The Hoegh Galleon FSRU will receive cool down volumes in Spain before continuing it's journey towards Egypt's Ain Sukhna import terminal in the Gulf of Suez, market sources with knowledge on the matter told Energy Intelligence. Egas secured the vessel earlier this month for the period from June 2024 to February 2026. Meanwhile, Egas is said to be seeking an LNG cargo for early June delivery via Jordan, as Egypt enters its peak summer period for gas demand. Full story: https://lnkd.in/dEth5wP3 #LNG #LNGTrading #energymarkets #FSRU #commodities

Egypt is set to resume LNG imports this summer as the Hoegh’ Galleon which was recently chartered by state-owned EGAS sails towards the Arab nation. This comes as Egypt's current gas imbalance worsens amid declining production from the Zohr field due to water breakthrough issues.   The Hoegh Galleon is due to arrive in Egypt in early June according to LSEG ship-tracking data. The tanker will arrive in Egypt via the long way round through the Cape of Good Hope rather than via the Red Sea as LNG shipping through the route has remained suspended since early January   According to Hoegh, the term charterer of the Hoegh Galleon the tanker will be docked in Egypt for an interim period of June 2024 to February 2026, after which it is expected to be redeployed to AIE’s LNG terminal currently under construction at Port Kembla, Australia.   https://lnkd.in/gkMMYStB #egypt #ttf #natgas #lng #lseg #energy #australia

🇪🇬 🚢 Egypt's Options Narrow on LNG Imports With time fast running out ahead of the summer, Egypt may have secured the Höegh Gallant to serve at its Ain Sokhna import terminal once again as it struggles with its second gas crunch in a decade. Egypt had bid farewell to the era of leasing FSRU years ago when it ended a contract with the Norwegian Höegh Gallant in 2018 as the government pulled the plug on gas imports following the discovery of Zohr field, which has allowed Egypt to re-emerge as a natural gas export hub. https://lnkd.in/eXUV6K7b #LNG #FSRU #HoeghLNG

⛔ #QatarEnergy has stopped sending #LNG tankers via the Red Sea due to attacks by #Yemen's Houthi group. In response, QatarEnergy is considering alternative #routes for its tankers, such as around the Cape of Good Hope, despite the longer journey time this entails. LNG tanker, Al Rekayyat (IMO 9397339), which was heading back to #Qatar from #Italy, has stopped in the Red Sea (see the gif below). Meanwhile, other three tankers, after loading LNG at Ras Laffan in Qatar and heading towards the Red Sea, have now paused off the coast of #Oman. They are Al Ghariya (IMO 9337987), Al Huwaila (IMO 9360879) and Al Nuaman (IMO 9431135). We are keeping an eye on these tankers and how the situation in the Red Sea unfolds. Our LNG tracking solution, #Leviaton, specializes in vessel journey predictions and provides deep insights into global LNG routes, enabling companies to anticipate and adapt to sudden changes in the shipping landscape. In case you are interested in seeing it in action, book a demo here: https://lnkd.in/eJ_kFGMh #energyindustry #shipping #geopolitics #realtimemonitoring

The Hoegh Galleon floating, storage and regasification unit (FSRU) is reported to have been contracted by the Egyptian Natural Gas Holding Company (EGAS) on an 18-month charter agreement, beginning in June 2024. The FSRU is likely to be deployed at the Ain Sokhna port, replacing BW Offshore's Singapore FSRU, which departed late last year to be deployed in Italy from Q4 2024. For Australia, LNG imports are one of the solutions to the East Coast market will be short of gas in the second half of this decade. Port Kembla is the leading project. With the Hoegh Galleon heading to Egypt, Australian LNG imports are unlikely to begin before 2026. And realistically, 2027–2028 is more likely. Australia’s East Coast market will be finely balanced over the next few winters. Without LNG imports the risk of outages and power blackouts is real. Read on for a summary of the key takeaway messages: https://okt.to/kh0462

Four LNG tankers stranded at sea amid Houthi escalation The media reported earlier that QatarEnergy had suspended LNG deliveries via the Red Sea At least four liquefied natural gas (LNG) carriers have suspended their voyages along routes via the Red Sea after the US and the UK attacked Houthi facilities in Yemen. According to data from the Marine Traffic service, the Al Ghariya, the Al Huwaila, and the Al Nuaman carriers loaded at the LNG terminal in Qatar’s Ras Laffan on January 9 and 11 and due to depart to the Suez Canal have been stranded near the Omani coast since January 14. Furthermore, the Al Rekayyat carrier stopped on January 13 in the northern part of the Red Sea on her way to Doha after unloading at the Adriatic LNG Terminal in Italy. According to a TASS source at the Dubai Multi Commodities Center, all four LNG carriers were chartered by QatarEnergy. Reuters reported earlier, citing sources, that QatarEnergy had suspended LNG deliveries via the Red Sea. The company, as Reuters’ sources said, will redirect its cargoes via the Cape of Good Hope in South Africa if passing through the Red Sea remains unsafe. #business #finance #financialservices

Hoegh Galleon FSRU arrived at Ain Sokhna as Egypt re-joining LNG importers club   Hoegh Galleon #FSRU has arrived at Ain Sokhna LNG imports facility in the Gulf of Suez to start #LNG #regasification and storage service for #Egypt under an agreement signed last month between Egyptian Natural Gas (EGAS) and Hoegh LNG for an interim period of June 2024 to February 2026.   The #African country has to re-start LNG imports as it faces #gassupply deficit due to the high seasonal #gasdemand in summer and diminishing domestic #gas output.   The 170,000-CM Hoegh Galleon FSRU had already received its cargo at Sagunto terminal in #Spain.   Reuters has cited industry sources as saying that Egypt plans to buy up to 20 LNG cargoes to cover heavy #summer demand that had led to a wave of rolling #blackouts and forced temporary shutdowns of #chemical and #fertilizers plants. The LNG cargoes to be imported between July and October. The country has returned to being a net importer of #naturalgas, reversing its position as an exporter in recent years as part of a plan to become a supplier to #Europe. Egypt's natural gas output down 11.5 % YoY to around 59.3 BCM in 2013, the lowest production level since 2017. Perfect information about the world’s LNG import/export projects such as “Ain Sokhna LNG imports facility” is available on the Global LNG Database®. Learn more at: https://lnkd.in/dSG73cW To see more posts like this in your feed and stay up-to-date with what is going on in the LNG world, follow Global LNG Info on LinkedIn at https://lnkd.in/e442DdDn #lngindustry #lngmarkets #gasindustry #energyindustry #energymarkets #analytics #gasprices #gasmarket #naturalgasindustry #oilandgasindustry #energypolicy #energyprices #energypolicy #oilandgas #infrastructures #oilandgasprojects #petroleum #europeanmarkets #projects #investments #construction #engineering

Qatar's #LNG carrier Al Ghariya became the second out of three of its LNG-laden carriers, previously en route to the #SuezCanal, that changed course and was heading toward Spain's Canary Islands for bunkering, according to S&P Global Commodity Insights at Sea Jan. 19. The development, which signals a longer voyage via the Cape of Good Hope, came as day rates for the Atlantic Basin LNG #freight market remained bearish amid weak spot LNG demand from Asia Jan. 18. Read the full article to learn more: https://ow.ly/f2WE50QsBZO

🚢 Interesting slide about the current #Suez Canal disruptions from the FLEX LNG Q4 result presentation   While #LNG exports from countries like Australia, Malaysia and Indonesia predominantly cater to Asian markets, Middle Eastern LNG (and LNG from #Qatar specifically) has a dual focus, serving primarily Eastern markets but also #Europe. The Suez Canal, with its strategic location, is the optimal route for shipments heading West. However, flows through the canal currently face disruptions due to escalated #attacks on commercial vessels in the Red Sea. Notably, no LNG carriers are transiting the zone at the moment   Countries like #Greece, #Italy, and #Spain have felt the repercussions, as Qatari cargoes destined for these nations have faced #delays and rescheduled shipments. The Greek cargo was reportedly delayed for 12 days, aligning almost perfectly with the FLEX LNG presentation estimate of a 2-week delay for shipments using the alternative Cape of Good Hope route   The impact on #TTF prices hasn't been significant yet, as the high #storage levels and mild #weather have effectively cushioned the bullish signals. However, the halt of flows via Suez is tilting Middle Eastern LNG shipments towards #Asia, narrowing the spread between #JKM and European LNG prices. This marks a reversal from the previous trend, where droughts in the #Panama Canal constricted US LNG’s capacity to reach Asia, positioning Europe as a more favorable destination for global LNG

SCOOP: Egyptian Natural Gas Holding Co. (Egas) has talked with various global FSRU suppliers, as well as Turkish state incumbent Botas as it seeks to secure an FSRU in an "extremely tight market" amid Egypt's second gas crunch in a decade, Energy Intelligence understands. Full story: https://lnkd.in/dwajRN-2 Reporting by Tom Pepper Jere (Eric) Thorp and myself. #LNG #LNGTrading #natgas #energymarkets #commodities #Egypt