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| Dalia Power in talks to buy gas from EMG |
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| Written by Egypt News | |
| Wednesday, 28 November 2007 | |
 Dalia Power Energies Ltd. is negotiating to buy $60-70 million worth of natural gas a year from Egyptian East Mediterranean Gas Co Sources inform Globes that Dalia Power executives met Egyptian East Mediterranean Gas representatives in Cairo last week to discuss the subject, and that the negotiations will continue for several months. Energy market sources believe that Dalia Power wants to sign a memorandum of understanding MOU with Egyptian East Mediterranean Gas for the purchase of 600-700 million cubic meters of natural gas a year over a 15-20 year period. The total contract is estimated to be worth $800-900 million.
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