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Tag: SEGAS
Eni

Eni closes deal with its partners for the restart of Damietta LNG plant

Posted: March 11, 2021 at 12:58 pm   /   Oil & Gas

Eni closes agreement with partners for restart of Damietta liquefied natural gas plant in Egypt and amicable settlement of Union Fenosa Gas disputes. Eni announced today that it has closed the agreement signed last December with the Arab Republic of Egypt (ARE), the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS) […]

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Damietta

Eni reaches agreement with partners for restart of LNG plant in Damietta, Egypt

Posted: December 2, 2020 at 10:50 am   /   Oil & Gas

Eni reaches an agreement with its partners for the restart of the liquefied natural gas plant in Damietta, Egypt and for the amicable settlement of disputes related to Union Fenosa Gas Today’s agreements, which are in line with the ones finalized last February and take into account the evolution of the energy scenario, allow to […]

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Damietta LNG

Eni: Talks resume on restarting Egypt’s idled Damietta LNG facility

Posted: October 11, 2020 at 12:45 pm   /   Oil & Gas

February deal terminated in April after conditions not met 5 million mt/year facility idled since 2012 Egyptian LNG exports all but dried up since March Talks focused on finding a new agreement to allow for the restart of the idled Damietta LNG export facility in Egypt have resumed, a spokesman for project partner Eni said […]

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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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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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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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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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