EGYPT AND GAS
December 1st, 2003
BY KEITH NUTHALLA CONSORTIUM of major gas players has received a significant US$372 million loan from the European Investment Bank to construct the first phase of a new major liquefied natural gas (LNG) plant in Idku, Egypt, which will be able to export supplies to Europe from nearby Alexandria. British Gas (35.5 per cent) and Gaz de France (5 per cent) share control of borrower, the El Behera Natural Gas Liquefaction Company, with Malaysia's Petronas (35.5 per cent) and Egyptian state energy companies. These major gas players will be transferring technology to ...
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