In April 2015 Norwegian firm Höegh’s 550mn cfd Höegh Gallant LNG floating storage and regasification unit (FSRU) arrived at the Red Sea port of Ain Sukhna under a five-year lease, taking the country’s first LNG cargo from Algeria’s state oil firm Sonatrach.

Under a similar contract a second 750mn cfd FSRU, supplied by BW Gas, was moored at the same location seven months later. LNG imports subsequently increased to a record 979mn cfd in 2016.

Talk surfaced...