The Energos Power, a new Floating Storage and Regasification Unit (FSRU) operated by US-based New Fortress Energy, has docked at the southern berth of the Tahya Misr terminal in Alexandria Port after arriving from Germany. The ship’s arrival marks a key step in Egypt’s strategy to secure natural gas supplies for power generation during the high-demand summer season.
Minister of Petroleum and Mineral Resources Kareem Badawi welcomed the vessel on Monday, accompanied by senior officials from the ministry and the Egyptian Natural Gas Holding Company (EGAS).
The Energos Power is equipped to receive imported liquefied natural gas (LNG), convert it back into its gaseous form, and feed it directly into Egypt’s national gas grid. Minister Badawi said the move aligns with the government’s broader energy strategy aimed at maintaining electricity grid stability during peak usage periods.
“This second regasification ship is a result of recent discussions with the German government, both in Cairo and during my visit to Berlin last March,” Badawi noted. “It reflects our continued commitment to expanding LNG import infrastructure and ensuring reliable energy supplies.”
The new FSRU joins an existing regasification unit stationed at the SUMED Port in Ain Sokhna. EGAS has also signed contracts to lease two additional FSRUs, expected to arrive soon, which would bring the total number to four. According to the ministry, this expansion is designed to enhance the flexibility and efficiency of Egypt’s gas supply chain, especially as domestic demand surges during the hotter months.
Badawi emphasized ongoing coordination between the Ministries of Petroleum and Electricity, alongside other key stakeholders, to ensure a stable and uninterrupted power supply throughout the summer.
The Energos Power has a storage capacity of 174,000 cubic meters of gas. Following its arrival, Minister Badawi toured the vessel along with senior figures including Yassin Mohamed, EGAS Executive Managing Director; Moataz Atef, Assistant Minister and Spokesperson; Khaled El-Badry, Assistant Minister for Projects; Hossam Nabil, Head of Petroleum Sector Security; Waleed Lotfy, Chairperson of Petrojet; and Wael Lotfy, Chairperson of ENPPI.
The Minister was received at the port by Ehab Salah, Chairperson of Alexandria Port Authority, and Abdelkader Darwish, Chairperson of the Egyptian Company for Multipurpose Terminals (EGMT).
