Enron Mail

From:alhamd.alkhayat@enron.com
To:eric.gonzales@enron.com
Subject:Egypt LNG
Cc:jeffrey.shankman@enron.com, mike.mcconnell@enron.com
Bcc:jeffrey.shankman@enron.com, mike.mcconnell@enron.com
Date:Wed, 14 Feb 2001 04:59:00 -0800 (PST)

Eric,

Hoping all is well,

Wanted to have a quick chat with you, when you are next in Houston, about the
Egypt LNG opportunity. I had a meeting with the minister and the deputy
minister for technical affairs and both were intereseted in increased
participation in the LNG field in Egypt. They are interested in diverse
off-takers, and are interested in investing in new facilities (EGPC would
like to own 60% of such a new facility and local/Arab investors can be found
for the remaining equity). They know they don't know how to project finance
such deals, and they know they need a strong international name as an (at
least partial) off-take. They alluded that the situation with Finosa,
although progressing, is not as it appears in the press.

At any case, I believe we have enough elements to warrant a
conversations--and I have good contacts in Egypt that could help push such a
project forward.

Cheers'

Hamd

Alhamd Alkhayat
ENRON CORP.
+1(713)853-0315

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