Newsletter subscribe
Tag: Damietta

Shearman & Sterling achieves significant victory for EGAS

Posted: June 16, 2016 at 9:00 pm   /   Oil & Gas

Shearman & Sterling has achieved a significant victory on behalf of its client, Egyptian Natural Gas Holding Company (“EGAS”), in a legal battle lasting more than three years. On May 24, 2016, an arbitral tribunal comprised of leading international arbitrators David St. John Sutton (Chairman), Klaus Reichert SC and Professor Laurent Aynès issued an award […]

No Comments read more

EGAS wins case over gas cuts at Damietta LNG plant

Posted: June 14, 2016 at 8:28 pm   /   Oil & Gas

The Paris-based International Court of Arbitration has ruled that Egypt’s state gas board EGAS will not have to pay a $270 million fine related to gas cuts at its foreign-owned liquefied natural gas (LNG) plant, the petroleum ministry said on Tuesday. The Damietta LNG plant filed a complaint with the International Chamber of Commerce in […]

No Comments read more