Italian oil & gas major, Eni, reiterated its natural gas interests in Egypt as the company CEO, Claudio Descalzi, met the President of the Arab Republic of Egypt, Abdel Fattah el-Sisi
Egyptian Oil Minister, Karim Badawi, and Eni's chief operating officer for global natural resources, Guido Brusco, were also present at the meeting.
Developing gas hub
Discussions revolved around Eni's broad asset portfolio in the country that compises onshore as well as offshore. The company operates in Egypt through its subsidiary IEOC. The country's central role in developing a gas hub in the eastern Mediterranean was also highlighted given the presence of important gas processing and LNG export infrastructures in the region.
Explorators such as Eni might also make use of invaluable data that have been recently released from Egypt deepwaters by geoservices provider PGS, with one of the latest being the area between the Nile delta and the Herodotus Basin.
Descalzi emphasised the company's decarbonisation and energy transition path as well, including methane emissions reduction, energy efficiency solutions and renewables.
The visit was also an opportunity to recall the 70th anniversary of Eni's presence in Egypt, which was, in 1954, the first country outside of Italy with which the company began working.
Eni solidifies interests in Egypt
Discussions revolved around Eni's broad asset portfolio in Egypt. (Image source: Adobe Stock)
