The Egyptian Natural Gas Holding Company (EGAS) reports that it is planning to develop an LNG bunkering hub at the Suez Canal.
EGAS will work with Kanfer Shipping and Leth Suez Transit to develop the strategic hub, which aims to have the bunkering infrastructure in operation by 2025.
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The companies chose the Suez Canal explaining that more than 20,000 ships are transiting the canal every year. Leveraging this fact, the partners aim to increase efficiency by bunkering.
The service would be available at both Port Said and the Suez Port and could be offered at other important Egyptian ports on the Mediterranean.
One of the key advantages of Egypt as an LNG bunkering location is that Egypt has natural gas resources and liquefaction facilities, which put them in a unique and competitive position towards the key LNG bunkering hubs of the world
the partners said.
They also added that LNG can be sourced from two existing terminals and an FSRU stationed in Egypt, and they believe that this will make their operation price competitive.
