Egypt is considering acquiring another LNG import vessel to meet growing domestic demand, despite having been a gas exporter just a year ago. This would add to existing and incoming ships, including the Energos Power, Hoegh Galleon, Energos Eskimo, and one from Turkey’s Botas. The oil ministry has not commented on the potential new addition.
Over the past year, Egypt has rapidly leased floating storage and regasification units (FSRUs) to meet rising LNG import needs driven by declining domestic gas production and increased demand. The country is negotiating long-term LNG supply deals with companies like Saudi Aramco, Trafigura, and Vitol through 2028, signaling a shift to becoming a long-term importer. Egypt plans to replace the Hoegh Galleon with the Hoegh Gandria in late 2026, with FSRUs to be located near the Ain Sokhna facility and new infrastructure being developed near Alexandria.
The exact timing and placement of the leased FSRUs, as well as the specifics of where an additional import vessel might be deployed, remain subject to change, according to the sources.
