Industry puzzled by Egypt-Qatar gas import joint venture plans
Issue 244 - 29 Nov 2012
Plans for a joint venture between leading Cairo-based private equity company Citadel Capital and Qatar Islamic Bank-backed investment company QInvest to build regasification facilities and import gas for Egypt’s domestic market have caused a degree of puzzlement in the industry. A 22 November statement from Citadel does not explain where the gas will come from or how the infrastructure and gas will be paid for. It says Citadel, QInvest and a group of Qatari investors will form a joint venture to “construct and own the facilities required to position a floating LNG storage and regasification unit (FSRU) at a location in Egypt to deliver natural gas to high-volume end-users”.
Want to read more?
(Access to one 401-800 word article)
Don't have an account?
Register for access to our free content
- 19 November 2020
Southern Africa moves towards new gas-based interdependency
Mozambique, Botswana, Lesotho, Angola, Namibia, Malawi, eSwatini (Swaziland), Zambia, Zimbabwe, South Africa
An account also allows you to view selected free articles, set up news alerts,
search our African Energy Live Data power projects database and view project locations on our interactive map