No. 03



Fenosa Orders Two Ships To Carry LNG From Damietta Beginning 2004

Spanish electricity company Union Fenosa said on 10 January it had placed orders for two ships to transport LNG from its planned liquefaction plant at Damietta on the Nile Delta starting in 2004. Contracts for the two ships, each valued at $150mn, have been awarded under a 25-year time charter and worked out with Spanish ship owners already experienced in such transactions, Fenosa said in a...