Italy’s Eni logs higher LNG sales

Italian energy firm Eni said its LNG sales rose in the third quarter of this year due to the restart of operations at the Damietta liquefaction plant in Egypt.

In the third quarter, Eni sold 2.90 bcm or about 2.1 million tonnes of LNG, a rise of 38 percent when compared to the last year.

Compared to the previous quarter, LNG sales dropped by about 3.3 percent.

Eni sold 8.10 bcm or about 5.90 million tonnes in the January-September period, an increase of 23 percent when compared to the same period in 2020, the company said in its financial report.

The firm attributed the rise to higher volumes of LNG coming from the 5 mtpa Damietta facility located on the Mediterranean coast, about 60 km northwest of Port Said.

The plant started exporting LNG again in February this 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.

Most Popular

Woodside issues Louisiana LNG construction update

In October 2024, Woodside acquired all issued and outstanding Tellurian common stock for about $900 million cash, or $1.00 per share....

Trump lifts pause on non-FTA LNG export approvals

Trump issued the executive order, which was widely expected, just hours after officially taking over his second four-year term...

Hoegh Evi, SEFE ink hydrogen pact

Norwegian FSRU player Hoegh Evi, previously known as Hoegh LNG, is joining forces with German gas importer Securing Energy...

More News Like This

Eni’s FLNG launched in China

According to separate statements by Eni and WNE, the launching of the hull took place on Saturday. In Congo's Lingala...

Eni’s LNG sales climb in Q3

According to its quarterly results report released on Friday, Eni sold 2.2 bcm (1.6 million tonnes of LNG) in...

GTT scores service contract for Eni’s Coral Sul FLNG

Eni operates the Coral Sul (Coral South) FLNG project along its Area 4 partners ExxonMobil, CNPC, GALP, Kogas, and...

Avenir, Eni pen charter deal for LNG bunkering vessel

According to a statement by Avenir on Tuesday, it signed the time charter party with LNG Shipping, a 100...