Eni to boost Egyptian LNG supplies to Italy

Eni said it has signed a deal with EGAS to increase Egyptian LNG exports to Europe, and specifically to Italy.

The deal signed on Wednesday comes at a time when Italy and Europe are looking at ways to slash reliance on Russian gas supplies.

Eni also penned a deal this week with Algeria’s Sonatrach to boost gas pipeline supplies to Italy.

Under the deal in Egypt, Eni and EGAS agreed to maximize gas production and LNG exports.

The two firms are partners in the 5 mtpa Damietta liquefaction plant in Egypt. The facility started exporting LNG again in February last year following a deal between Egypt’s EGPC and EGAS, Eni, and Naturgy.

It stopped operations in 2012 due to declining domestic production, but new finds such as Eni’s giant Zohr field in the East Mediterranean allowed the partners to restart the plant and ship the first cargo in February.

Eni said in the statement on Wednesday that the new agreement, together with the Damietta deal, would provide LNG cargoes for overall volumes of up to 3 bcm in 2022 for the company’s LNG portfolio bound to Europe and Italy.

Boosted by the Damietta restart, Eni’s LNG sales rose 15 percent to 10.9 bcm in 2021.

Besides Egypt, Eni should also launch its Coral Sul FLNG in Mozambique this year.

The 3.4 mtpa unit which weighs about 220,000 tons left Samsung Heavy Industries’ Geoje yard in South Korea under tow on November 16 and arrived in Mozambique in early January.

Eni previously said it would launch production in the second half of 2022.

The company also recently joined forces with New Fortress Energy for the Congo FLNG project. This project should go online in 2023.

- Advertisements -

Most Popular

Tellurian says Shell, Vitol LNG supply deals terminated

US LNG firm Tellurian, the developer of the Driftwood LNG export project in Louisiana, said on Friday that its...

Energy Infrastructure Partners buys stake in Fluxys

Switzerland-based investor Energy Infrastructure Partners (EIP) has signed a deal to buy a stake in Belgian LNG terminal operator...

UAE’s Adnoc to supply LNG to Germany’s RWE

UAE’s Adnoc and Germany's RWE have signed a supply deal on the first commercial LNG delivery to the Brunsbuettel...

More News Like This

Bechtel, partners win contract for Idku energy hub in Egypt

US LNG engineering and construction giant Bechtel and its partners Enppi and Petrojet have won a front-end engineering and...

Alessandro Puliti named new CEO of Italy’s Saipem

Italian energy and LNG contractor Saipem said it has promoted Alessandro Puliti to the role of chief executive officer...

KNOT takes delivery of second LNG-powered shuttle tanker chartered by Eni

Norway-based Knutsen NYK Offshore Tankers (KNOT) has taken delivery of the second LNG-powered shuttle tanker that will go on...

Eni, TotalEnergies hit gas offshore Cyprus

Italy's Eni and its partner France's TotalEnergies have made a "significant" gas discovery at the Cronos-1 well, in Block...