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Tag: Union Fenosa
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

Damietta LNG plant to restart exports after being idle for six years

Posted: September 8, 2018 at 8:00 pm   /   Oil & Gas

Quantities of Zohr gas to be exported through Damietta LNG plant in 2019, says source. The Ministry of Petroleum recently agreed with the foreign partners in the Damietta liquefied natural gas (LNG) plant to gradually restart the plant and export quantities of natural gas produced from the Zohr field in the coming year, after a […]

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Fenosa

Egypt ‘taking steps’ over $2 billion payment to Union Fenosa Gas

Posted: September 8, 2018 at 3:17 pm   /   Oil & Gas

Egypt said on Wednesday it was “taking all necessary steps” over $2 billion the World Bank ordered it to pay to Italian-Spanish Union Fenosa Gas (UFG) because of a lack of gas supply to an Egyptian plant in which the company has a majority stake. A statement from Egypt’s petroleum ministry for the first time […]

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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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shell

Shell in talks with government to increase natural gas supply

Posted: October 13, 2016 at 1:40 pm   /   Oil & Gas

Shell is currently in talks with the government in order to increase exports, as the government seeks to increase supply to the domestic market. The Egyptian government is slowly moving closer to increasing the domestic energy supply and restarting liquefied natural gas (LNG) exports, as the government continues negotiations with Shell to raise the volume […]

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lng

Egypt eyes Idku LNG restart following Shell deal

Posted: October 9, 2016 at 7:46 pm   /   Oil & Gas

Egypt is slowly moving closer to restarting LNG exports following a deal with Shell to raise the volume of gas sent to the Idku LNG plant. Shell cut a deal with the Egyptian government in mid-September to send 3.54 million cubic metres per day to Idku from the company’s gas fields to compensate for some […]

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Bloomberg: Talks to end Israeli case against Egypt over natural gas

Posted: September 4, 2016 at 12:45 pm   /   Oil & Gas

Negotiations are ongoing between the two companies that operate the Israeli gas field Tamar along with the Spanish Union Fenosa Gas SA (UFG) to drop an Israeli arbitration court case against Egypt, US business agency Bloomberg revealed on Tuesday. Quoting an anonymous source, Bloomberg explained that the two companies that run Israel’s Tamar natural gas […]

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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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