{"id":601144,"date":"2019-02-20T03:45:19","date_gmt":"2019-02-20T03:45:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/20\/union-fenosa-denies-agreement-with-egypt-over-damietta-lng-plant\/"},"modified":"2019-02-20T03:45:19","modified_gmt":"2019-02-20T03:45:19","slug":"union-fenosa-denies-agreement-with-egypt-over-damietta-lng-plant","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/20\/union-fenosa-denies-agreement-with-egypt-over-damietta-lng-plant\/","title":{"rendered":"Union Fenosa denies agreement with Egypt over Damietta LNG plant"},"content":{"rendered":"

<\/a> DISPUTE WATCH- The Damietta LNG plant may not be reopening in April after all: <\/b>Damietta LNG plant operator Union Fenosa Gas (UFG) poured cold water on reports this week that the facility will be reopened in April. An Oil Ministry source claimed this week<\/a> that UFG, 50-50 owned by Union Fenosa and Eni, had agreed to drop its USD 2 bn arbitration claim against the Egyptian government, paving the way for the resumption of LNG exports. UFG has since confirmed talks are ongoing, but denied having reached an agreement with the state:<\/b> \u201cProgress has been made but the guarantees offered are not sufficient to reach the comprehensive agreement required to bring the dispute to its end,\u201d the company said in a statement (pdf)<\/a>.<\/p>\n

Background:<\/b> UFG has been seeking compensation from the Egyptian government after the latter cut gas supplies to the Damietta plant in 2012. In September, the World Bank\u2019s International Center for Settlement of Investment Disputes ordered the government to pay a USD 2 bn settlement<\/a> to the European JV. However, a ministry source claimed this week that UFG had agreed to drop the claim in return for a share of EGPC\u2019s profits generated from its ownership in the plant. UFG owns an 80% share of the Damietta facility though subsidiary SEGAS<\/a>, in which state energy companies EGPC and EGAS hold 10% each.<\/p>\n","protected":false},"excerpt":{"rendered":"

DISPUTE WATCH- The Damietta LNG plant may not be reopening in April after all: Damietta LNG plant operator Union Fenosa Gas (UFG) poured cold water on reports this week that the facility will be reopened in April. An Oil Ministry source claimed this week that UFG, 50-50 owned by Union Fenosa and Eni, had agreed […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[93,197,72,91,2380,132,10236],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-601144","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-energy","tag-eni","tag-enterpriseam","tag-oil-and-gas","tag-speed-round","tag-trade","tag-union-fenosa","wpautop","entry"],"acf":{"mongo_id":"756bd8c6-8f6b-4f71-bfc0-060c496d32bf","is_powered_by":true,"section_story_id":"7ab40328-d4f5-4c8a-b082-4b50f54bd1e1","story_type":"1","photo_url":"","photo_position":"above","related_issue":[601137],"teaser":"","voice_url":""},"yoast_head":"\nUnion Fenosa denies agreement with Egypt over Damietta LNG plant - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/20\/union-fenosa-denies-agreement-with-egypt-over-damietta-lng-plant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Union Fenosa denies agreement with Egypt over Damietta LNG plant\" \/>\n<meta property=\"og:description\" content=\"DISPUTE WATCH- The Damietta LNG plant may not be reopening in April after all: Damietta LNG plant operator Union Fenosa Gas (UFG) poured cold water on reports this week that the facility will be reopened in April. An Oil Ministry source claimed this week that UFG, 50-50 owned by Union Fenosa and Eni, had agreed […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/20\/union-fenosa-denies-agreement-with-egypt-over-damietta-lng-plant\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-20T03:45:19+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/20\/union-fenosa-denies-agreement-with-egypt-over-damietta-lng-plant\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/20\/union-fenosa-denies-agreement-with-egypt-over-damietta-lng-plant\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Union Fenosa denies agreement with Egypt over Damietta LNG plant\",\"datePublished\":\"2019-02-20T03:45:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/20\/union-fenosa-denies-agreement-with-egypt-over-damietta-lng-plant\/\"},\"wordCount\":231,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"energy\",\"Eni\",\"EnterpriseAM\",\"oil and gas\",\"SPEED ROUND\",\"trade\",\"Union Fenosa\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/20\/union-fenosa-denies-agreement-with-egypt-over-damietta-lng-plant\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/20\/union-fenosa-denies-agreement-with-egypt-over-damietta-lng-plant\/\",\"name\":\"Union Fenosa denies agreement with Egypt over Damietta LNG plant - 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Italy\u2019s Eni saidearlier this month that it is in talks over the LNG facility in Damietta and expected that it should begin operations \u201csoon this\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596437,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/28\/damietta-liquefaction-plant-to-reopen-in-3q2019\/","url_meta":{"origin":601144,"position":1},"title":"Damietta liquefaction plant to reopen in 3Q2019?","author":"enterpriseam admin","date":"28 August 2019","format":false,"excerpt":"Deja vu: Damietta LNG plant to reopen in 3Q2019? The Damietta liquefaction plant will reopen by the end of 3Q2019 after being offline for the past six years, an unnamed oil industry source tells Youm7. The facility, which produces around 5 mn tonnes of liquefied natural gas per year when\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567858,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/09\/damietta-lng-exports-could-be-ready-by-1q2021\/","url_meta":{"origin":601144,"position":2},"title":"Damietta LNG exports could be ready by 1Q2021","author":"enterpriseam admin","date":"9 December 2020","format":false,"excerpt":"We could be seeing our first LNG exports out of Damietta by 1Q2021, soon after Eni and its state-owned partners the Egyptian Natural Gas Holding Company (EGAS) and the Egyptian General Petroleum Company (EGPC) reopen the long-dormant terminal, Youm7 reports, citing unnamed officials in the oil industry. An agreement reached\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/174.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568677,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/30\/damietta-lng-plant-operator-union-fenosa-gas-still-wants-its-usd-2-bn\/","url_meta":{"origin":601144,"position":3},"title":"Damietta LNG plant operator Union Fenosa Gas still wants its USD 2 bn","author":"enterpriseam admin","date":"30 January 2020","format":false,"excerpt":"DISPUTE WATCH- The Damietta plant probably isn\u2019t going to be opening in a few weeks: The dispute between the Egyptian government and Damietta LNG plant operator Union Fenosa Gas (UFG) doesn\u2019t seem close to ending, after the joint venture restated its demands for a USD 2 bn settlement, according to\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/767.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569658,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/03\/eni-to-export-gas-from-damietta-lng-plant\/","url_meta":{"origin":601144,"position":4},"title":"Eni to export gas from Damietta LNG plant","author":"enterpriseam admin","date":"3 March 2020","format":false,"excerpt":"Eni to export gas from Damietta LNG plant this year: Eni is looking to begin exporting natural gas from the Damietta LNG plant this year, the local press reports, citing an unnamed source at the Oil Ministry. The company is permitted to export production from its Zohr natural gas field\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/40.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575284,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/ufg-egypt-revive-talks-to-reopen-damietta-lng-facility\/","url_meta":{"origin":601144,"position":5},"title":"UFG, Egypt revive talks to reopen Damietta LNG facility","author":"enterpriseam admin","date":"11 October 2020","format":false,"excerpt":"Could we finally be approaching the end of the Damietta LNG saga? Talks have resumed between Union Fenosa Gas (UFG) and the Madbouly government that could potentially see the Damietta LNG plant reopen after eight years of inactivity, S&P Global reports, citing an Eni spokesperson. 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