Israel’s NewMed Energy with gas assets and LNG plans continues merger process with UK’s Capricorn
NewMed Energy, formerly Delek Drilling and owner of the largest Israeli offshore natural gas field and a likely future LNG feed-gas supplier, is continuing with the process of being listed on the London Stock Exchange through a reverse takeover of UK company Capricorn Energy.
Egypt's Lithuania cargo
May 4 (LNGJ) - The Klaipeda LNG import terminal in the Baltic state of Lithuania, operated by energy company AB Klaipedos Nafta, said it expected to receive its first cargo from Egypt to help replace some Norwegian shipments halted by the Hammerfest plant shutdown. The cargo was lifted from the Royal Dutch Shell-operated Idku export plant, located east of the port of Alexandria. It is scheduled to arrive on May 7 in Lithuania from the East Mediterranean on board the 164,700 cubic metres capacity LNG carrier, the “LNG Fukurokuju”.
Egyptian Damietta LNG plant dispute solved with Naturgy settlement and Eni to sell FOB cargoes
Naturgy, the Spain-based European utility with LNG volumes from the US and Russia and gas and power interests in Latin America, said it agreed to sell its stake in the Damietta LNG export plant in Egypt and to rescind its Egyptian gas contracts on departing from Unión Fenosa Gas (UFG) joint venture.
