Eight consortia bid for regasification units
2018-11-30
Site will be in Selaata, Zahrani, or Deir Amar

Eight consortia presented their bids to participate in a tender for the import of a floating storage and regasification unit (FSRU), according to the Ministry of Energy and Water. 

Some of the bidders are major oil and gas companies such as Shell, Rosneft, and Qatar Petroleum, and two of them, ENI and Total, have also won an exploration and production agreement for oil and gas.

FSRUs are offshore gas terminals that are connected to power plants. They take LNG in liquid form and expand it into gaseous form. Thirteen consortia had earlier expressed interest in participating in the tender.

An FSRU could cost up to $400 million, according to Zaher Sleiman, Advisor to the MoEW.
 
 
 
Reported by Yassmine Alieh
Source : Businessnews

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