Eni has completed a deal settling differences over the Damietta LNG plant.
Union Fenosa Gas (UFG)
A restart of the Damietta LNG plant is once again on the cards following an agreement between Eni, Naturgy and two state-owned Egyptian companies.
Egypt has lost its bid seeking more time in its dispute with Union Fenosa Gas (UFG), over a failure to supply gas to a liquefaction plant at Damietta.
A deal that would have seen Eni increase its stake in Egypt’s LNG sector, and Naturgy bow out, has come apart as coronavirus has interfered.