Damietta liquefaction plant, the Union Fenosa Gas (UFG) joint venture, will start the first test cargo on 14th February 2021, S&P Global Platts Analytics reported.

Algeria’s state-run oil and gas company, Sonatrach, has signed gas contracts with the Spanish gas company, Naturgy.

Algeria's State run oil company, Sonatrach, has become the main shareholder in the Medgaz pipeline after the acquisition of a further 19.1% stake from Spain’s Cepsa.

The agreement conducted between Eni, the Egyptian Natural gas Natural Gas Holding Company (EGAS), and the Spanish company Naturgy to settle the disputes related to operating the Damietta liquefaction plant in Egypt has expired.

Eni company has signed several agreements with the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS) and the Spanish company Naturgy, to settle the disputes related to the Damietta liquefaction plant in Egypt to restart its operation by June 2020,

Talks between Eni and Naturgy regarding the re-opening of the Damietta liquefaction plant are at an "advanced stage".

Egypt will pay $2 billion to Union Fenosa Gas Company as a settlement for halting gas supplies to the company’s Damietta LNG plant in 2012.