Egypt: Damietta LNG deal falls through

Issue 414 - 01 May 2020
A deal that was expected to allow the restart of the Segas LNG plant at Damietta has fallen through, though Egyptian Natural Gas Holding Company (Egas) says it is ready to start a new round of negotiations. Agreements signed in February by Eni, Egyptian General Petroleum Corporation (EGPC), Egas and Spain’s Naturgy were expected to pave the way for the plant to restart by June 2020.

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