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Home » Energy, Oil & Gas » Italian firm scores $578m discount for Qatar LNG
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Italian firm scores $578m discount for Qatar LNG

Italian firm scores $578m discount for Qatar LNG

Posted by on Sep 14, 2012 in Energy, Oil & Gas | 0 comments

Italian energy group Edison has been awarded in arbitration a €450m ($578m) discount on its liquefied natural gas (LNG) supplies from Qatar’s RasGas, a verdict that paves the way for other European firms to secure cheaper energy and pass cost savings to cash-strapped consumers, Reuters has reported.

“The court decision has accepted the merits of Edison’s positions … the overall impact on 2012 accounts of Edison is estimated in €450m,” the company said.


source: Ameinfo

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