VOL. XLIII

No. 25

19-June-2000

EGYPT

Spains Union Electrica Fenosa Considering LNG Imports From Egypt

The Spanish electricity company Union Electrica Fenosa announced on 14 June that preliminary talks with Egypt on importing liquefied natural gas (LNG) were under way. Fenosa and the Egyptian General Petroleum Corporation (EGPC) have signed a letter of intent under which the former would import 4bn cu ms/year of Egyptian gas to supply its planned combined-cycle power plants. A move by Fenosa, the...