Insight
Eni restarts Egypt’s SEGAS LNG plant
Report summary
On 22 February 2021, the Golar Glacier sailed off from the port of Damietta, Egypt. On board was the first LNG cargo produced at the SEGAS facilities since they were shut down in 2012. This follows an agreement reached in December 2020 to resume operations. Eni took over operatorship, increased its participation to 50% and acquired the associated LNG offtaking rights. EGAS – Egypt’s NOC – will sell the remaining 50% output, while Naturgy exited the project.
Table of contents
-
Event
- Implications: commercial structure and facilities
- Implications: feedgas and output
- Implications: LNG markets
Tables and charts
This report includes 3 images and tables including:
- SEGAS’ new commercial structure
- Egypt’s LNG production and forecast
- Eni's contracted LNG supply
What's included
This report contains:
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