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 feed gas. So far this year, Egypt has exported 0.53 million metric tons (mmt), compared with 3.38 mmt during the same period last year, according to data from Kpler.
- A municipal council in Squamish, British Columbia, has rejected a permit for a floating housing unit planned to accommodate over 600 workers assigned to the Woodfibre LNG project. The joint-venture partners of the 2.1 mmty LNG export project were seeking a one-year permit to house workers near the site.
- The U.S. Court of Appeals for the Fifth Circuit has rejected a challenge by the Sierra Club against Louisiana permits for the Commonwealth LNG and Driftwood LNG projects.
