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Dana Gas says has not received payment for gas in Egypt

UAE energy firm Dana Gas has not yet received payment for gas delivered in Egypt, it said in a statement on Tuesday.

August 2, 2011 11:53 by

In May, Dana’s management reported delayed payments of $148 million for gas sales to the Egyptian government and said if these were not met it would impact on its future investments in the country.

An Egyptian official told Reuters last week Egypt had settled all its debts.
But Hany Elsharkawi, president of Dana Gas Egypt, said in a statement on Tuesday that the company is still awaiting the settlement of its overdue payments for the gas.

The delay in payments was a result of disagreements over

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