A senior official with the Egyptian Natural Gas Holding Company (EGAS) said the company received offers for a gas import tender from BP, Vitol, Trafigura, Golar LNG, and three other companies.
The official added that a decision on the financial proposals from applying companies will be made this week. The announcement of the final result of the tender will take place by the end of this month.
He explained that the tender offered by EGAS includes the import of 500m cubic feet of gas per day beginning in March to fulfil the needs of power stations.
EGAS Chairman Khaled Abdel Badie said in previous statements that the contract for the tender to import LNG shipments will extend for two years and is subject to renewal.
He added that imported liquefied natural gas (LNG) prices would be consistent with international prices, and that prices will be variable since market prices are not fixed.
Abdel Badie also confirmed that Algeria’s SONATRACH, Russia’s Gazprom and Shell did not bid in the tender.
It has been reported that a contract has been signed with Sonatrach and Gazprom to import 14 gas shipments in case the two companies did not bid for the tender.
Abdel Badie said the company is planning to bid a tender to import 500m cubic feet daily to electricity stations following the current tender.
He announced that the company will offer a bid next week to rent another gasification ship. It is expected to arrive at Port Said to transform 500m cubic feet of gas daily, after renting the HOG Energi ship, which will arrive at Ain Sokhna Port in March.
The company will use this ship to transform imported LNG into its gaseous state once more.
Abdel Badie said that the daily imported 1bn cubic feet of gas will meet the needs of power stations only.