International Chamber of Commerce

  • EGAS Exempted from $270m Fine for Damietta Gas Cuts

    EGAS Exempted from $270m Fine for Damietta Gas Cuts

    Tuesday, 14th June 2016
    The Paris-based International Court of Arbitration has declared that The Egyptian Natural Gas Holding Company (EGAS) will be exempted from paying a $270m fine related to gas cuts at its foreign-owned LNG plant in Damietta.