Naturgy exit allows Damietta LNG restart
A deal has been reached allowing Egypt’s Damietta LNG plant to restart by June of this year, with Naturgy to drop out of the shareholding group.
A deal has been reached allowing Egypt’s Damietta LNG plant to restart by June of this year, with Naturgy to drop out of the shareholding group.
Neptune Energy has signed a licence with the Egyptian General Petroleum Corp. (EGPC) on the North West El Amal Offshore concession.
United Oil & Gas’ purchase of Rockhopper Exploration’s stake in Egypt’s Abu Sennan licence has been pushed back, but the results from a recent well make clear the rationale behind the deal.
Reporting success in Egypt’s Gulf of Suez, Eni has said it expects production to begin imminently.