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.

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