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.

- Advertisements -

Most Popular

Golden Pass LNG to ramp up construction activities after Zachry deal

QatarEnergy and ExxonMobil will ramp up construction activities at the Golden Pass LNG export terminal in Texas after a...

Hudong-Zhonghua confirms TotalEnergies order for LNG bunkering vessel

China’s Hudong-Zhonghua said it had secured an order to build one 18,600-cbm LNG bunkering vessel for French energy giant...

India was top destination for US LNG cargoes in May

India was the top destination for US liquefied natural gas cargoes in May, as Asia overtook Europe as the...

More News Like This

Eni’s LNG sales down in Q2

Italian energy firm Eni said its liquefied natural gas (LNG) sales were down in the second quarter of this...

GasLog’s LNG carrier named in South Korea

Greece’s GasLog has named a new liquefied natural gas (LNG) carrier at Hanwha Ocean's yard in Geoje, South Korea. According...

Italy’s Eni sells 10 percent stake in Saipem

Italian energy firm Eni has sold a 10 percent stake in compatriot energy services company Saipem. Eni announced the...

Eni’s Congo FLNG ships new cargo

Italy’s Eni has shipped a new liquefied natural gas cargo produced at its Tango floating LNG facility moored in...