A roundup of news and commentary from the global gas market

  • Egypt has secured a floating storage and regasification unit from Höegh LNG Holdings Ltd. to secure more natural gas imports to the energy-hungry country as the outlook for its exports to the global market dims.
  • Egyptian Natural Gas Holding Co. has brokered a deal between Höegh and Australian Industrial Energy Pty. Ltd. (AIE) to deploy the Hoegh Galleon at Ain Sokhna, Egypt for around 19-20 months. The Hoegh Galleon is chartered to AIE and was intended to be deployed at its import terminal at Port Kembla in New South Wales, Australia, which is currently under construction.
  • Egyptian liquefied natural gas exports have cratered since last year as rising energy demand and dwindling domestic production have limited available...