ENGIE Signs LNG Deal with Egypt

ENGIE on Monday said it has signed an agreement with Egyptian national company EGAS to supply LNG to the North African nation.

The deal was signed during President François Hollande’s visit to Egypt.

“As a long lasting partner of the local gas industry, ENGIE will thus contribute to supplying Egypt’s gas market,” the company said.

The French firm also signed a cooperation agreement for further development of renewable energy with the National Renewable Energy Association (NREA) and the Egyptian Electricity Transport Company (EETC).

ENGIE and its partners are already conducting a number of renewable energy projects in Egypt such as the financing, construction, operation and maintenance of 2 x 50 MW solar photovoltaic (PV) projects in Benban under the FIT (Feed-in-Tarif) program, the 2 x 50 MW wind project FIT Ras Ghareb and the West of Nile complex where ENGIE has prequalified for wind, solar PV and Concentrated Solar Power Build-Own-Operate projects.