LNG

Italian energy company Eni and Spanish partner Naturgy Energy Group are in talks to reopen the Egyptian Damietta LNG export plant near the East Mediterranean port of Alexandria, now that an arbitration dispute has been settled.

Italian energy company Eni, the developer of LNG projects in Mozambique and other world-class natural gas ventures worldwide, has had its debt rating reduced by the main US ratings agency because of concern over Italian government debt arising from the worsening budget dispute with the European Commission.