{"id":634858,"date":"2018-01-28T04:08:14","date_gmt":"2018-01-28T04:08:14","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/28\/ministerial-committee-resolves-taqa-arabia-dispute-with-egas\/"},"modified":"2018-01-28T04:08:14","modified_gmt":"2018-01-28T04:08:14","slug":"ministerial-committee-resolves-taqa-arabia-dispute-with-egas","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/28\/ministerial-committee-resolves-taqa-arabia-dispute-with-egas\/","title":{"rendered":"Ministerial committee resolves TAQA Arabia dispute with EGAS"},"content":{"rendered":"<p><strong>The Ministerial Committee for Settlement of Investment Disputes <\/strong><a href=\"https:\/\/enterprise.press\/wp-content\/uploads\/2018\/01\/%D8%B7%D8%A7%D9%82%D8%A9-%D8%BA%D8%A7%D8%B2.pdf\"><strong>announced a settlement has been reached<\/strong><\/a><strong> in a dispute between Qalaa Holdings subsidiary TAQA Arabia and EGAS.<\/strong> The dispute arose when EGAS did not fulfil contractual requirements towards TAQA and assigned natural gas distribution rights to separate companies, resulting in losses to TAQA estimated to be EGP 7 bn. The resolution reached between the parties does not entail any direct payments by the Egyptian government, but amends some contractual clauses between EGAS and TAQA. Our friend Moustafa El Bahabety, the Deputy Justice Minister for Arbitration and International Disputes, who is the head of the organization\u2019s technical committee, informed us that the resolution signed off by the Ismail cabinet at its meeting last week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ministerial Committee for Settlement of Investment Disputes announced a settlement has been reached in a dispute between Qalaa Holdings subsidiary TAQA Arabia and EGAS. The dispute arose when EGAS did not fulfil contractual requirements towards TAQA and assigned natural gas distribution rights to separate companies, resulting in losses to TAQA estimated to be EGP [&hellip;]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-634858","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"52cced90-3143-4f96-b859-809c0b0036f0","order":"0","is_powered_by":true,"section_story_id":"f9919a2b-98e0-4ec2-a17e-8f228af59494","story_type":"1","photo_url":"","photo_position":"above","related_issue":[634844],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ministerial committee resolves TAQA Arabia dispute with EGAS - 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\/2018\/01\/28\/ministerial-committee-resolves-taqa-arabia-dispute-with-egas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ministerial committee resolves TAQA Arabia dispute with EGAS\" \/>\n<meta property=\"og:description\" content=\"The Ministerial Committee for Settlement of Investment Disputes announced a settlement has been reached in a dispute between Qalaa Holdings subsidiary TAQA Arabia and EGAS. The dispute arose when EGAS did not fulfil contractual requirements towards TAQA and assigned natural gas distribution rights to separate companies, resulting in losses to TAQA estimated to be EGP [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/28\/ministerial-committee-resolves-taqa-arabia-dispute-with-egas\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-28T04:08:14+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\/2018\/01\/28\/ministerial-committee-resolves-taqa-arabia-dispute-with-egas\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/28\/ministerial-committee-resolves-taqa-arabia-dispute-with-egas\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Ministerial committee resolves TAQA Arabia dispute with EGAS\",\"datePublished\":\"2018-01-28T04:08:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/28\/ministerial-committee-resolves-taqa-arabia-dispute-with-egas\/\"},\"wordCount\":129,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/28\/ministerial-committee-resolves-taqa-arabia-dispute-with-egas\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/28\/ministerial-committee-resolves-taqa-arabia-dispute-with-egas\/\",\"name\":\"Ministerial committee resolves TAQA Arabia dispute with EGAS - 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The source expects the new natural gas industry regulator would be set up before the end of the year \u2014 and that the first license to import gas privately should\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":641899,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/01\/egas-grants-three-companies-preliminary-approval-to-import-gas\/","url_meta":{"origin":634858,"position":3},"title":"EGAS grants three companies preliminary approval to import gas","author":"enterpriseam admin","date":"1 August 2017","format":false,"excerpt":"EGAS has granted three unnamed companies preliminary approvals on their requests to import natural gas privately and pump it through the national pipeline network, said EGAS Vice Chairman Amira El Mazni, according to Al Borsa. Five companies had bid to import natural gas privately, including Dolphinus Holdings \u2014 rumored to\u2026","rel":"","context":"In &quot;Energy&quot;","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":638967,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/18\/natural-gas-act-executive-regulations-to-be-ready-this-month\/","url_meta":{"origin":634858,"position":4},"title":"Natural Gas Act executive regulations to be ready this month","author":"enterpriseam admin","date":"18 October 2017","format":false,"excerpt":"In news on other closely watched legislation, the executive regulations for the Natural Gas Act will be finalized this month and sent over to the Ismail Cabinet for review, the recently-appointed head of the new market regulator, Karem Mahmoud, tells Youm7. 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