Egypt to Boost LNG Imports as Soaring Demand Outpaces Local Supply ...Middle East

State firm Egyptian Natural Gas Holding Company (EGAS) has signed a 10-year agreement with Hoegh Evi to have it deploy a floating LNG import unit near Alexandria on the Mediterranean, as the North African country struggles to meet soaring gas and power demand amid dwindling domestic production. Hoegh Evi will deploy the LNG carrier, the Hoegh Gandria, at Sumed near Alexandria in late 2026, the company told Bloomberg in a statement on Monday. The conversion of Hoegh Gandria into a floating storage and regasification unit (FSRU) will begin immediately.…

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