EGAS renegotiates WDDM Phase 9b with BG, Shell and Petronas
The Egyptian Natural Gas Holding Company (EGAS) is restarting negotiations with BG Group and Petronas over the West Delta Deep Marine (WDDM) Phase 9b project and bringing it on stream.
EGAS chief Khaled Abdel Badie said that regular meetings are taking place with foreign partners BG, Shell (which has recently acquired BG) and Petronas and that ongoing talks are in progress to ensure a mutually acceptable resolution is reached, noting that talks involve negotiations over the price of gas produced from Phase 9b of the Burullus fields.
BG Group had announced in December that it was delaying bringing the Phase 9b wells on stream to mid-2016 at the earliest as receivables from Egypt continued to increase.
(Source: Al Borsa News)