BW Group announced Tuesday that it has been selected by The Egyptian Natural Gas Holding Company (EGAS) to provide LNG (liquefied natural gas) regasification services utilizing a Floating Storage and Regasification Unit (FSRU) in Ain Sokhna, Egypt.
Carsten Mortensen, BW Group CEO, says “We are delighted to have been selected as the successful FSRU provider by EGAS and we look forward to supporting Egypt in this project of national importance. The project requires a fast track schedule – five months from project inception to first gas – which represents a record short time for implementation, and made possible because of excellent collaboration between EGAS and BW.”
BW’s state-of-the-art FSRU BW Singapore built at Samsung Heavy Industries (SHI) in South Korea will be utilized for this project. To be delivered by end September in Ain Sokhna Port and ready for operations in October, she offers low environmental footprint, high efficiency, storage capacity in excess of 6 million cubic feet (170,000 cubic meters) and a peak regasification capacity of 750 million cubic feet per day.
BW is a leading international gas shipping company with more than 75 years of maritime energy transportation history, 40 years of operational experience in LNG and a current fleet of 21 LNG carriers including newbuildings. BW is the world’s largest owner and operator of Very Large Gas Carriers and a leading player in tankers and Floating Production Storage and Offloading units (FPSOs).
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