MoPMR Partners with SCA to Build Gas Liquefication and Bunkering Station in Port Said
The Ministry of Petroleum and Mineral Resources (MoPMR) signed a Memorandum of Understanding (MoU) with the Suez Canal Authority (SCA) to establish the infrastructure needed to build an LNG liquefaction and bunkering station in Raswa, Port Said.
The agreement aims to secure gas supplies for the natural-gas liquefaction and storage terminal and to facilitate cooperation between petroleum-sector companies and the SCA in completing the necessary technical and administrative procedures to commence construction of the new terminal.
The MoPMR, represented by the Egyptian Natural Gas Holding Company (EGAS), gas companies, and the SCA, have held consultative meetings recently on the project.
Moreover, the project underwent an in‑depth study with the participation of institutions from the Republic of Korea, in coordination with the Ministry of Planning and Economic Development and International Cooperation, to provide the necessary support for project implementation. In this context, the SCA signed an MoU with the Korean side detailing the project scope, execution conditions, and economic cost, and the project procedures have reached their final stages.
During the signing ceremony, Karim Badawi, Minister of Petroleum and Mineral Resources, emphasised the significance of the project, noting that it enables the use of natural gas as a clean marine fuel, reduces carbon emissions, and contributes to the transformation of the Suez Canal into a green shipping corridor.
The minister affirmed that the project represents a nucleus for attracting new investments to carry out similar projects for bunkering ships with liquefied natural gas.
For his part, SCA Chairman Osama Rabie said the station will contribute to advancing the strategy toward a fully green Canal by 2030 and to keeping pace with global developments in the maritime‑transport industry, which is rapidly moving toward clean energy and green policies aligned with International Maritime Organization (IMO) recommendations to reduce carbon emissions from the maritime‑shipping sector.
He added that the station is intended to serve the Authority’s fleet of LNG‑powered tugboats and ferries as part of an integrated strategy to upgrade the Authority’s navigational and logistical services and to maintain the Canal’s leading global position.