Egypt's export capacity rebound
Eni announced an agreement with its partners for the restart of the LNG plant in Damietta, Egypt. The Italian multinational oil and gas company signed a series of agreements with, the Arab Republic of Egypt, the Egyptian General Petroleum Corporation (EGPC), the Egyptian National Gas Holding Company (EGAS), and the Spanish energy group Naturgy, which pave the way for the restart of the single-train, 5.0m t/y Damietta LNG plant in Egypt by Q1 2021. The Damietta LNG plant is owned by SEGAS, which is 40% owned by Eni through the Union Fenosa Gas (UFG) JV (Eni 50% / Naturgy 50%). UFG’s 80% shareholding will be transferred 50% to Eni and 30% to EGAS. The resulting SEGAS shareholding will be Eni
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