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יום שישי 25.09.2020
מצריים תפעיל מחדש ביוני את מתקן ה LNG דאמייטה
12/03/2020 14:32

Italy’s Eni and Spain’s Naturgy have reached an agreement with Egypt to resolve a series of disputes over the Damietta gas liquefaction plant in northern Egypt, paving the way for the facility to restart by June, the Egyptian Ministry of Petroleum and Mineral ressoruces and the companies said on Thursday.

The agreement will end Naturgy’s business interests in Egypt and dissolve a joint venture between Naturgy and Eni, while Eni and state-owned Egyptian firms will increase their holdings in the Damietta plant.

 
The facility, which has a capacity of 7.56 billion cubic meters per year, has been idle since the end of 2012 when a popular uprising hit gas supplies in Egypt and the government was forced to import gas to meet domestic demand.
 
But recent discoveries mean Cairo now has a surplus of gas that it can export through liquefied natural gas (LNG) plants. Last year, Egypt exported more than 3 million tonnes of LNG, up from 1.5 million tonnes in 2018 and 850,000 tonnes in 2017.
 
The Damietta plant was 80% owned by Union Fenosa Gas (UFG), the joint venture between Eni and Naturgy, with the rest split evenly between the Egyptian Natural Gas Holding Company (EGAS) and Egyptian General Petroleum Corporation (EGPC).
 
Under Thursday’s agreement, the plant will now be 50% owned by Eni, 40% by EGAS and 10% by EGPC.
 
In a statement issued on Thursday, the Ministry of Petroleum and Mineral Resources said that as the agreement comes into effect, all arbitration awards against Egypt will be settled and all disputes between Egypt and the two companies concerning the Damietta plant will be terminated.
 
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