Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Twitter’s legal woes mount as former PR firm files lawsuit for unpaid invoices

    May 30, 2023

    India’s mastery in space: ISRO’s successful launch of Cartosat-3 satellite

    May 29, 2023

    Global clean energy investment set to reach $1.7 trillion, overtaking oil production

    May 27, 2023
    Facebook Twitter Instagram
    • Home
    • Contact Us
    Arab WordsmithArab Wordsmith
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    Arab WordsmithArab Wordsmith
    Home » Gas production and supply to be increased in Egypt by Eni, EGAS
    Business

    Gas production and supply to be increased in Egypt by Eni, EGAS

    April 15, 2022
    Facebook Twitter Pinterest LinkedIn Tumblr Email

    A new agreement between Eni and EGAS aims to increase gas production and exports of liquefied natural gas. Magdy Galal, Chairman of EGAS, and Guido Brusco, COO of Eni Natural Resources, signed the agreement in Cairo with the objective of promoting the export of Egyptian gas to Europe, specifically to Italy, in the context of the transition to a low carbon economy.

    Gas production and supply to be increased in Egypt by Eni, EGASThrough increasing jointly operated gas activities and identifying opportunities to maximize short-term gas production, the parties agreed to maximize Egyptian gas reserves. Additionally, Eni will optimize exploration campaigns on existing blocks and on newly acquired acreage in the Nile Delta, Eastern Mediterranean, and Western Desert regions.

    In the last few months, Eni has announced a number of new collaborations with Egypt. In March, the company’s CEO, Claudio Descalzi, met with the Egyptian President Abdel Fattah el-Sisi and the Egyptian Minister of Petroleum and Mineral Resources, Eng. Tarek El-Molla. A major part of the conversation was related to Egypt’s production of natural gas as well as LNG.

    There is an aspiring goal for Egypt to become a new energy hub in the Mediterranean region. As a result of the discovery of the Zohr gas field, Eni was one of the firms contributing to these aspirations. It is estimated that Eni produces approximately 360,000 barrels of oil equivalent per day in Egypt, which makes it a significant stakeholder in the country’s hydrocarbon ecosystem.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Global clean energy investment set to reach $1.7 trillion, overtaking oil production

    May 27, 2023

    European Investment Bank supports circular economy with €3.4 billion lending

    May 27, 2023

    Successful UAE-India partnership stands as a model of bilateral cooperation

    May 27, 2023

    ADIHEX introduces first-ever Best Hunting Knife competition

    May 23, 2023
    Latest News

    Twitter’s legal woes mount as former PR firm files lawsuit for unpaid invoices

    May 30, 2023

    India’s mastery in space: ISRO’s successful launch of Cartosat-3 satellite

    May 29, 2023

    Global clean energy investment set to reach $1.7 trillion, overtaking oil production

    May 27, 2023

    European Investment Bank supports circular economy with €3.4 billion lending

    May 27, 2023

    WHO report urges governments: prioritize food security over tobacco industry

    May 27, 2023

    Successful UAE-India partnership stands as a model of bilateral cooperation

    May 27, 2023
    © 2022 Arab Wordsmith | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.