Egypt will only agree to an arrangement that would see gas exported from a field in Israel via a liquefied natural gas terminal in Egypt if international arbitration is resolved, an apparent reference to a dispute with the terminal operator.According to a letter of intent signed earlier this month, the partners in Israel's Tamar natural gas field would export up to 2.5 trillion cubic feet of gas over 15 years via the plant in Damietta operated by Union Fenosa Gas - a joint venture between Spain's Gas Natural and Italy's Eni.The Union Fenosa Gas plant went idle in 2012 due to a lack of gas supply from the government in Egypt, where fuel shortages have prompted the authorities to redirect gas into the domestic grid.The LNG plant filed a complaint with the International Chamber of Commerce last year, alleging a state partner had failed to comply with the contracts.
Gas Natural Inc., is a natural gas company, primarily operating local distribution companies in six states and serving approximately 70,000 customers. Shares of EGAS remained unchanged at $10.71. In the past year, the shares have traded as low as $7.49 and as high as $11.35. On average, 81569 shares of EGAS exchange hands on a given day and today's volume is recorded at 22310.
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