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Shipping company agrees Egypt regasification deal

Gas
May 13, 2025

Shipping company Höegh Evi has signed a 10-year charter agreement with Egyptian National Gas Holding Company (Egas) for the deployment of the Hoegh Gandria vessel as a floating storage and regasification (FSRU) unit.

The vessel – which replaces Hoegh Galleon – will be operational from Q4 2026 at the Port of Sumed and supply up to 1,000 mmscf/day of peak LNG regasification capacity.

Erik Nyheim, President and CEO of Höegh Evi, said it looked forward to building on its relationship with Egas and supporting Egypt’s diversified energy system.

Hoegh Gandria was bought in February 2023 with the intention of conversion from an LNG carrier to a high-capacity FSRU for long-term deployment.

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