Egypt at brink of gas shortages as FSRU deal with Hoegh stalls
Plans of Egypt's state-run energy firms EGAS and EGPC to get a for a Floating Storage and Regasification Unit (FSRU) up and running this summer have faltered, as a deal with Norway's Höegh LNG faces serious hurdles. Competitor Excelerate Energy is back on the cards as the government seeks to avert looming gas and power shortages.
ANALYSIS: Bearish gas markets undermine LNG export projects economics
A steady downward trend of European and Asian gas prices is squeezing the economics of liquefaction and export projects as anticipated RoI is revised down along with prices.
Carriers for Queensland Curtis LNG ordered from Chinese shipyard
An order for four LNG tankers to serve BG Group's Queensland Curtis LNG project has been placed with China's Hudong-Zhonghua Shipbuilding Group. All four vessels will be on 20-year time charters to Methane Services, a wholly-owned subsidiary of the BG Group.
