Italy’s Eni, Spain’s Naturgy and Egyptian state firms Egas and EGPC on 1 December announced a series of deals which the Italian firm says represents an “amicable settlement” to the dispute that has kept Egypt’s second LNG plant at Damietta shuttered since November 2012 (MEES, 15 February 2013).
Eni says the deal, which will see Naturgy bought out from the 5mn t/y Segas facility and quit Egypt, “pave[s] the way for the restart of the Damietta liquefaction plant in Egypt by the first quarter of 2021.” (CONTINUED - 873 WORDS)
