Egypt to lease 10-year floating LNG unit starting mid-2025

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The vessel will be relocated from Jordan’s Aqaba terminal to Ain Sokhna on Egypt’s Red Sea coast under a 10-year lease agreement

Staff Writer, Arab Finance

December 5, 2024

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Egypt is set to lease the Energos Eskimo, a floating storage and regasification unit (FSRU), by mid-2025, unnamed sources familiar with the matter told Bloomberg.

The vessel will be relocated from Jordan’s Aqaba terminal to Ain Sokhna on Egypt’s Red Sea coast under a 10-year lease agreement with the state-owned Egyptian Natural Gas Holding Company (EGAS).

The Energos Eskimo, controlled by New Fortress Energy and owned by shipping firm Energos, will serve as Egypt’s second LNG import terminal.

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