Egypt is obliged to pay Spanish joint venture US$2Bln for 2014 closure of Damietta LNG plant

Tuesday, 04 September 2018

Egypt is being obliged to pay over US$2 billion plus interest and legal costs after losing an international tribunal dispute to Union Fenosa Gas for the unilateral interruption of gas supply to UFG’s liquefaction plant in Damietta, near the Mediterranean port of Alexandria.


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Last modified on Tuesday, 04 September 2018 05:24
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