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ICSID tribunal makes $2.2 billion award against Egypt in natural gas plant dispute (Unión Fenosa Gas v Egypt)

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Published on: 07 September 2018
Published by a Law360 reporter

Table of contents

  • What did the tribunal decide?
  • What was the background to this decision?

Article summary

Law360: An International Centre for Settlement of Investment Disputes (ICSID) tribunal has ordered Egypt to pay a Spanish natural gas company approximately $2.2bn for cutting off the gas supply to liquefaction facilities the company operated in the northerly port city of Damietta, according to a recent announcement.

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Jurisdiction(s):
United Kingdom

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