Egypt Boosts LNG Import Plans

Egypt plans to import an average of almost 5.8mn tons per year of LNG until 2020, head of state firm EGPC Tariq al-Mulla says. This implies average imports of 780mn cfd of gas, some 17% of current output.

Hitting these volumes will require the installation of a second floating storage and regasification unit (FSRU), following the installation of a first earlier this year. But uncertainty over where it will be moored, and even if any bids have been...