Egypt’s 5mn t/y Segas LNG export facility at Damietta will resume exports in mid-February with its first cargo in over eight years. That will be followed-up with a second cargo in early March, but beyond that, operator Italian firm Eni (50%) and its partners, Egypt’s state oil and gas firms EGPC (40%) and Egas (10%) are struggling to find buyers, MEES understands.
Restart is on schedule after a late-2020 deal that saw Eni expand its stake to 50% and Spain’s Naturgy quit (MEES, 4 December 2020). (CONTINUED - 210 WORDS)
