Eni Boosts Production in Egypt with New Oil, Gas Discoveries

Eni also signed a deal earlier on April 13 to increase gas production in Egypt and boost LNG supplies to Europe as the continent tries to cut its reliance on Russian gas amid the war in Ukraine.

Reuters

Italian energy group Eni SpA announced late on April 13 new oil and gas discoveries in Egypt’s Meleiha concessions, which would add around 8,500 boe/d to production.

The company also signed a deal earlier on April 13 to increase gas production in Egypt and boost LNG supplies to Europe as the continent tries to cut its reliance on Russian gas amid the war in Ukraine.

The move comes as Italy and Europe step up efforts to find alternative gas imports to cut their reliance on Russian gas as the war in Ukraine escalates. Earlier in the week, Italian Prime Minister Mario Draghi clinched a deal to ramp up gas imports from Algeria to help replace some of the 29 Bcm Italy receives from Russia.

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