Gaz de France signs 20-year gas import deal with Egypt
Gaz de France (GDF) recently signed a gas import agreement with the Egyptian LNG company (ELNG). The deal will that help France meet 10 percent of its liquefied natural gas (LNG) needs, providing it with 3.6 million tons of LNG annually between the years 2005 and 2025.
EMNG is a joint venture between four companies involved in the exploration and production of gas in Egypt—the Egyptian General Petroleum Company (EGPC), the Egyptian Natural Gas Holding Company (EGAS), Italy’s Edison International and the British Gas (BG) group.
EMNG is constructing an onshore liquefaction facility at Idku, 50 kilometers east of Alexandria, on Egypt's Mediterranean coast. The plant will produce 3.6 million tons of LNG starting 2005 and is expected to double its output by 2006. — (menareport.com)
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