Newsletter subscribe
Tag: Union Fenosa

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 […]

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