Egypt makes gas payments to Dana Gas

Egypt has met all delayed gas payments to UAE's energy firm Dana Gas this month, after resolving issues of gas volume measurements, an Egyptian official told Reuters on Thursday.
In May, Dana's management reported delayed payments of $148 million (Dh 543 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.

"The payment has been made, and the main reason why it was delayed is because we had a minor conflict with Dana over the volumes of gas being produced and sold to us," said an official at state-owned Egyptian Natural Gas Holding Company (EGAS).

He said the conflict was over a difference of 5 million standard cubic feet per day of (mmscfd) gas over a five-month period the government did not want to make payments for.