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Elektrizit├Ąts-Gesellschaft Laufenburg (EGL)

Switzerland

 

Date: February 2008 - Unclear

Deal: The Times of London reported in March 2008 that Elektrizitäts-Gesellschaft Laufenburg (EGL) and the National Iranian Gas Export Company (NIGEC), a subsidiary of the National Iranian Oil Company (NIOC), signed a deal for Iran "to supply 5.5 billion cubic metres of gas per year for up to 25 years" to Switzerland. The value of the deal is estimated at between €10 and €20 billion (The Times, March 24, 2008).

The Times reported that supply would begin as early as 2009, but there is no indication that it has begun.

Ties to U.S. Business: According to USASpending.gov, EGL has not been awarded any U.S. federal government contracts in the past 10 years (USASpending.gov, accessed June 24, 2010).