Europe to receive 1st Egyptian liquefied natural gas shipment: Ministry of Petroleum
Egypt plans to export its first shipment of liquefied natural gas (LNG) from a re-opened plant in Damietta to Europe, Spokesman for the Ministry of Petroleum Hamdy Abdel-Aziz told MENA on Sunday.
The LNG Tanker Golar Glacier has arrived in Damietta Port to transport the first experimental shipment from the plant that has been idle for eight years.
The return to operations of the Damietta plant on the northeast coast and the country’s other plant, Idku, in the Beheira governorate, will mark the revival of Egypt’s LNG push.
Idku’s exports have picked up recently after dropping last year amid the coronavirus pandemic.
Meanwhile, production capacity at the Damietta plant, which has been closed since 2012, stands at 7.5 bcm annually.
Egypt plans to use its position on Europe’s doorstep to become a major supplier to the continent, which is transitioning away from dirtier fossil fuels such as oil and coal.
The country will become one of the top 10 LNG exporters once it reaches full capacity, according to data compiled by Bloomberg.
Source: Ahram Online