Citadel forms JV to import LNG to Egypt from 2013
DUBAI Nov 22 (Reuters) - Citadel Capital SAE has formed a joint venture with Qatari investors to import liquefied natural gas (LNG) into Egypt from mid-2013, the Egyptian private equity firm said on Thursday.
Citadel Capital said the joint venture, which will be 51 percent owned by Qatari investors and investment bank QInvest, would construct and own the facilities required to position a floating LNG storage and regasification unit (FSRU) to deliver natural gas to high-volume end-users in the north African country. (Reporting by Mirna Sleiman, editing by Daniel Fineren)
- Police hunt for motive as search for Malaysian jet spans hemispheres |
- Crimeans vote on union with Russia as Moscow pours in troops |
- Malaysian PM says lost airliner was diverted deliberately |
- Democrats seek ways to limit Obamacare fallout after Florida defeat
- Indian Ocean poses daunting challenge in search for missing Malaysia plane