Citadel Capital Denies Pressuring To Import Qatari Gas At Exorbitant Prices

Citadel Capital (CCAP.CA), Egypt’s biggest publicly traded private-equity firm, rebutted the news that Founder and Chairman Ahmed Heikal pressured Egypt’s Natural Gases Holding Company (EGAS) to import natural gas from Qatar at exaggerated rates.

In a statement made on Tuesday, the firm stressed that it reserves the right to reply to claims related to a tender to import LNG.

Al Ahram gazette had quoted an official source at EGAS as saying that the Qatari government and businessman Ahmed Heikal established a firm to import liquefied natural gas (LNG) from Qatar and pressured EGAS to import natural gas from Qatar at high prices.