VOL. XLVI

No 26

30-June-2003

EGYPT

Enel Acquires 50% Of Planned Brindisi LNG Import Terminal

Enel has acquired 50% of the planned 390mn Brindisi LNG import terminal project from BG for 10.9mn, BG said in a statement issued on 24 June. The acquisition means Enel will be responsible for financing 50% of the project. The two companies signed a project development and shareholders agreement to govern the joint development of the project. In February, both companies signed a memorandum of understanding...