Features / Legal Opinion

RE-ASSESSING RISK AVOIDANCE STRATEGIES IN LNG CONTRACTING

By Mark Thurber, Partner, Andrews Kurth LLP Despite the tsunami of power generation development that is currently underway throughout the world and dependent upon renewable energy technologies, more traditional thermal electricity generation strategies are still in play for a number of reasons.

Renewable Energy for Egypt’s Optimal Generating Mix

The response of various governments and other policy makers and advocates to the worldwide emergence and ongoing development possibilities of renewable energy, particularly of the wind and solar variety, has been inconsistent. The spectrum of policy implementation ranges from ardent promotion to tepid indifference. Renewables’ penetration into the various grids of the world appears, more often than not, to correspond to the degree of promotion of renewables extant in each locale.

Managing Legal and Commercial Risks in the Egyptian Offshore Industry

The Mediterranean Offshore Conference that will be held on 19th – 21st April in Alexandria will be dominated this year by the impact of the major ENI Zohr Gas Field and BP West Nile Delta projects, which between them are anticipated to involve $27b of investment. This is an exciting time in Egypt’s offshore oil and gas development.

Foreign Investment in Egypt: Motivations and Methods of Encouragement

We are now at the first anniversary of the game changing investment summit held last March in Sharm El-Sheikh. The summit sent out a clear message, that Egypt was “open for business,” and actively seeking foreign investment. This first anniversary landmark is the right time to re-visit why foreign investors should be committing to Egypt, as well as measure the progress that Egypt’s government and business community has made in the last 12 months, and to track what remains to be done.

Protecting and Commercializing Petroleum Technology: Recent Developments in Intelligent Energy Law

Intelligent Energy Law is a key element of the continuing progression of “Intelligent Energy” solutions and innovations. It can be defined as the strategic planning and application of international law and contracts to maximize investment returns on advanced technology and know-how through the creation, acquisition, commercialization and protection of intellectual property.

The Legal Reality of the ICC Ruling Against Egypt

On December 3rd 2015, the International Chamber of Commerce (ICC) announced its ruling on the arbitration claim submitted by Israel Electric Company (IEC) against the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS), and East Mediterranean Gas Company (EMG). The ruling states that EGPC and EGAS are to pay the sum of $1.76b to IEC as compensation, in addition to paying to EMG the sum of $324m as compensation, including a substantial portion of EMG’s legal fees and arbitration costs.

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