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Sunday, 9 October 2016

Shell to receive extra shipments of gas to its liquefaction plant to compensate for receivables

Shell cut an agreement with the Egyptian government mid-September to send 3.54 mcm/d to its Idku liquefaction plant to compensate for rising receivables, according to Interfax Global Energy. A source at the Finance Ministry said the CBE could not source enough USD to make the necessary payments. “The trains are operational but processing gas at a very low rate of a few cargoes per annum. We are reviewing the various options for this asset with our partners,” said Shell Middle East and North Africa spokesman Nureddin Wefati. An EGAS engineer told Interfax’s Rachel Williamson that the plant received a one-off shipment of natural gas in September, but that the Idku plant “might require some upgrades and maintenance before higher volumes could be resupplied on a regular basis.”

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