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Tag: Damietta
Damietta LNG

Eni, Naturgy’s deal with Egypt to restart Damietta LNG plant breaks down

Posted: April 26, 2020 at 3:07 pm   /   Oil & Gas

The resolution of a long-simmering dispute over a shuttered Damietta LNG plant has fallen apart despite an agreement reached last month, according to a cabinet statement. Parties to the dispute include Spanish gas firm Naturgy Energy Group, Italy’s Eni, and the Egyptian government. Why does this matter? First, the dispute was closely followed by investors […]

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Eni

Eni is seeking to export Zohr gas through Damietta LNG plant in 2020

Posted: March 8, 2020 at 1:08 pm   /   Oil & Gas

Italian Eni seeks to start exporting some of its share in the Zohr deep-water gas field in the Mediterranean through the Damietta liquefaction plant this year. A source in the petroleum sector told Daily News Egypt that the Italian company has increased its stake in the Damietta liquefaction plant to 50% from 26%, after it […]

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Naturgy

Spain’s Naturgy reaches agreement to exit Union Fenosa Gas JV with Eni

Posted: March 1, 2020 at 9:07 pm   /   Oil & Gas

Spain’s Naturgy is pulling out of its Egypt operations, allowing liquefaction operations at Damietta LNG plant to begin again: Italy’s Eni and Spain’s Naturgy have reached an agreement with the Egyptian government that will see Naturgy exit Union Fenosa Gas (UFG), its joint venture with Eni, according to statements from Naturgy and Eni. The agreement […]

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Damietta

Eni reaches agreement allowing the restart of Damietta LNG plant in Egypt

Posted: February 29, 2020 at 1:10 pm   /   Oil & Gas

Italian energy major Eni signed a series of agreements with paving the way for the restart of the Damietta liquefaction plant in Egypt by June 2020. Eni reaches agreement with partners to amicably resolve the disputes affecting Union Fenosa Gas allowing the restart of the Damietta liquefaction plant in Egypt. Eni has signed a series […]

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LNG

Egyptian LNG to return to full operation – Petroleum Economist

Posted: September 22, 2019 at 12:27 pm   /   Oil & Gas

One of Egypt’s two liquefaction plants will back to full operation next month. The 7.2mn t/yr Egyptian LNG (ELNG) facility will return to 100pc of nameplate capacity next month, the firm’s senior optimisation manager Tamer Abdelsalam told the Gastech conference in Houston. It is currently operating at 90pc capacity. Full output is a far cry […]

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exxonmobil

ExxonMobil considers logistics support center in Damietta Port

Posted: August 7, 2019 at 3:18 pm   /   Oil & Gas

ExxonMobil Probes Potentials for Oil & Gas Services in Damietta Port. Damietta Port Authority (DPA) Chairman, Cpt. Tarek Shahin met with ExxonMobil delegation to discuss their interest in exploring the possibility to establish a logistic support center in Damietta Port for servicing oil and gas fields. Both sides looked over port capabilities particularly its unique […]

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LNG

Shell VP: Egypt to remain low-cost option for East Med LNG exports

Posted: February 17, 2019 at 12:11 am   /   Oil & Gas

Egypt’s Idku and Damietta LNG export plants are likely to remain the low-cost option for East Mediterranean gas producers looking to export, and the process of starting up supplies through Egypt from around the region is one of “normal project development,” Shell country chair and vice president Gasser Hanter said Tuesday. Hanter played down the […]

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Fenosa

Egypt in talks with Union Fenosa Gas over Damietta LNG arbitration claim

Posted: January 13, 2019 at 2:10 pm   /   Oil & Gas

Egypt is in talks with Spanish-Italian JV Union Fenosa Gas (UGS) in a bid to have the European outfit drop its arbitration claim over gas supply interruptions at the Damietta liquefaction plant, an industry source tells the domestic press. The World Bank’s International Centre for Settlement of Investment Disputes ordered in September that Egypt pay […]

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Damietta

Eni, Naturgy in advanced talks over re-opening Damietta LNG facility in Egypt

Posted: October 28, 2018 at 3:00 pm   /   Oil & Gas

Eni-Naturgy JV looking to re-launch operations at Damietta LNG facility in 2019: Italy’s Eni and its Spanish partner Naturgy are in “advanced talks” to re-launch operations at their Damietta LNG facility in 2019, Eni’s CFO Massimo Mondazzi said on Friday, according to Reuters. The World Bank’s International Centre for Settlement of Investment Disputes had ordered Egypt […]

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Idku

Egypt completes return to LNG exporting nation status

Posted: September 15, 2018 at 8:03 pm   /   Oil & Gas

Idku restarted loading LNG export cargoes in 2016 and the pace of activities at the terminal has been increasing steadily ever since. Egypt’s Ministry of Petroleum and Union Fenosa Gas (UFG), the operator of the Damietta LNG project in the Nile Delta, have agreed to restart exports from the plant. Idku, the second of Egypt’s […]

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