International dispute centre awards Union Fenosa $2.01 billion over Damietta LNG Plant

نتيجة بحث الصور عن ‪naturgy‬‏

Union Fenosa Gas, now called Naturgy, has received an award from the International Center for Settlement of International Disputes in relation to its case regarding Egypt’s Damietta LNG plant, according to Naturgy. The plant is owned 50/50 by Naturgy Energy Group and ENI.

Damietta is operated by Union Fenosa but has been idle since 2012 because of gas shortages in the Egyptian market.

Union Fenosa initiated a claim in 2014 and has been awarded $2.01 billion (after tax and interest) by the court, Naturgy said.