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Tag: Naturgy
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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SEGAS LNG

Union Fenosa Gas reportedly in talks to resume Egypt LNG exports

Posted: September 13, 2018 at 1:29 pm   /   Oil & Gas

Union Fenosa Gas (UFG) is reportedly in talks to restart the Damietta liquefied natural gas (LNG) export plant in Egypt following the $2.01 billion arbitration award last week. To remind, a World Bank arbitration body ordered Egypt to pay the award to UFG because of a lack of gas supply to the Damietta plant, in which the […]

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Damietta LNG

Egypt to pay Union Fenosa $2 billion in Damietta LNG dispute

Posted: September 4, 2018 at 11:47 am   /   Oil & Gas

Spanish LNG operator Naturgy, previously Gas Natural Fenosa, said that Union Fenosa Gas has won an award from the International Center for Settlement of International Disputes in regard to a gas supply dispute in Egypt. Union Fenosa Gas is a 50/50 joint venture between Naturgy and Italy’s Eni. The company, through its 80 percent holding in its subsidiary SEGAS, […]

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