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Sunday, 7 August 2016

Idku and Damietta liquefaction plants to operate at full capacity by 2020-21 -El Molla

The natural gas liquefaction plants in Idku and Damietta will be operating at full capacity by 2020-21, Oil Minister Tarek El Molla told Al Borsa. One of the ways the government is looking to expedite operations at the terminals with Shell and Union Fenosa Gas is to import gas from Cyprus. Separately, El Molla said the Ministry has put together a plan to reschedule payments owed to Shell to be put together as part of a bigger plan that also includes repricing gas from the company’s Phase 9B project, which would require parliamentary approval.

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