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Tag: Damietta

El-Molla: Idku and Damietta liquefaction plants to operate at full capacity by 2020/2021

Posted: August 7, 2016 at 11:26 pm   /   Oil & Gas

Petroleum Ministry agreed with Shell to adjust the 9B gas prices and export 125m cubic feet daily. The Ministry of Petroleum and Mineral Resources aims to rerun Idku and Damietta factories for liquefaction in their full capacity in order to export gas shipments to global markets by 2020/2021. Petroleum Minister Tarek El-Molla told Daily News […]

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Interfax: All quiet on Egypt’s LNG export front until after 2020

Posted: July 17, 2016 at 8:17 pm   /   Oil & Gas

Industry sources from inside and outside Egypt are confident the country can resume exporting LNG by the end of the decade. However, they have warned that the number of cargoes shipped from Idku will not rise out of single digits per year before then. A source from Egypt’s Ministry of Energy, who wished to remain […]

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Will Israeli natural gas flow in Egypt’s pipelines?

Posted: July 15, 2016 at 4:31 pm   /   Oil & Gas

A recent visit by Egypt’s Foreign Minister could signal potential cooperation between Israel and Egypt in the eastern Mediterranean gas fields. However, given domestic market needs mixed with a complicated history in Egypt-Israel business relations in the energy sector, the future remains unclear. In a rare trip, Egypt’s Foreign Minister Sameh Shoukry paid Israel a […]

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ICC tribunal assignment spells success for Egyptian EGAS

Posted: June 18, 2016 at 5:08 pm   /   Oil & Gas

An ICC tribunal has rejected claims for contractual penalties worth more than US$270 million plus interest against Egypt’s state-owned natural gas supplier EGAS, finding that the claimant had assigned all its rights under a gas supply contract to a third party. Counsel to EGAS, Shearman & Sterling, reports that a tribunal composed of David St […]

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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 […]

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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 […]

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