The Ministry of Energy & Water launched a bid for the construction of an offshore Liquefied Natural Gas (LNG) import terminal.
It said that the Floating Storage Regasification Unit would be used to store imported LNG and would provide natural gas to the Deir Ammar power plant, which currently runs on gas oil. It noted that the use of LNG would decrease the Deir Ammar plant's energy requirements by up to $200m per year.
The ministry expected 30 companies to apply for the bid to build the terminal, or for the import of LNG, or for both the construction phase and the import of LNG.
LTW – Byblos Bank