Eni wins Egypt exploration licenses

Italy’s oil and gas company Eni said it has secured five new exploration licenses in Egypt, which could provide additional fuel to the Damietta LNG plant.

Eni won the licenses after Egypt’s international bid round for petroleum exploration and exploitation.

It said in a statement this week it would operate four out of the five awarded licenses.

The licenses are located in the Eastern Mediterranean Sea, Western Desert and Gulf of Suez, placed within prolific basins with petroleum systems that can generate liquid and gaseous hydrocarbons.

Additionally, the licenses can also rely on nearby existing production and processing facilities, the company said.

Eni’s strategy is to keep exploring and producing gas to sustain the Egyptian domestic market and contribute to LNG export, thanks to the recent restart of the Damietta LNG plant, it said.

The plant started exporting LNG again in February last year following a deal between Egypt’s EGPC and EGAS, Eni, and Spain’s Naturgy.

Eni owns 50 percent in SEGAS, the owner of the liquefaction plant, while the Egyptian Natural Gas Holding Company (EGAS) owns 40 percent, and the Egyptian General Petroleum Corporation (EGPC) holds 10 percent.

Eni is currently Egypt’s main producer with equity hydrocarbon production of around 350,000 barrels of oil equivalent per day.

Most Popular

Canada’s Cedar LNG names FLNG

Canada’s Cedar LNG, a joint venture of Canada’s Pembina Pipeline and the Haisla Nation, has picked a name for its floating LNG facility, which will be located in the traditional territory of the Haisla Nation, on Canada’s West Coast.

Golar chairman says FLNG industry set for ‘massive’ growth

Golar LNG will continue to expand its fleet of floating LNG production units in an industry set for "massive" growth, according to Golar LNG's chairman, Tor Olav Trøim.

Energy Transfer, Kyushu Electric ink long-term Lake Charles LNG deal

Energy Transfer, the developer of the proposed Lake Charles LNG export facility in Louisiana, has signed a long-term supply deal with Japan's Kyushu Electric Power.

More News Like This

Eni launches production at Indonesian gas field

Italy's Eni has started gas production from the Merakes East field, in the Kutei basin, offshore Indonesia, which will supply both the domestic market and Pertamina’s Bontang LNG facility in East Kalimantan.

Eni: third phase of YPF’s Argentina LNG project requires $20 billion investment

The third phase of YPF's Argentina LNG export project would require an investment of about $20 billion, according to Eni’s COO of global natural resources, Guido Brusco.

Eni’s LNG sales climb in Q1

Italian energy firm Eni said its liquefied natural gas (LNG) sales rose in the first quarter of 2025 compared to the same period last year.

Italy’s Eni to join YPF’s Argentina LNG project

Eni's CEO, Claudio Descalzi, and the CEO of YPF, Horacio Marín, signed the memorandum on Monday to evaluate Eni's...