Egypt moved forward with a much-delayed LNG import scheme this week, signing a loan deal for a floating import terminal on 3 November.

State-owned Egypt Natural Gas Holding Company (EGAS) and Norway’s Hoegh LNG agreed on a five year deal for the floating storage and regasification unit, which will be moored in the port of Ain Sukhna to allow imports to begin from late March. (CONTINUED - 379 WORDS)