Egypt

Eni targets 10-GW solar, wind projects in Egypt

Published on : 2022-09-06

Italian oil major Eni has announced plans to carry out several solar and wind power projects with a capacity totaling 10GW in Egypt over the upcoming years, according to a press release published August 30.

During a recent meeting, Egyptian President Abdel Fattah El-Sisi and Eni CEO Claudio Descalzi discussed Egypt’s vision to become a regional hub for natural gas, developing existing LNG plants.

The main subject of the discussions was the production of natural gas and LNG exports. With an annual natural gas output of 538 billion cubic feet, Eni produces more than half of the total gas in the North African country which aims to become a regional gas hub

The Italian oil and gas giant is keen on boosting the production of natural gas through an “ambitious exploration and development campaign”.

This will bolster LNG exports to Europe through the Damietta liquefication plant.

Eni has been operating in Egypt since 1954 through its subsidiary IEOC. The company’s total output of natural gas in the country currently amounts to about 60%.

Egypt, Italy probe cooperation in petroleum, renewable energy fields

According to a statement on April 22nd

Shell Egypt and Partners Launch 11th Phase Development in Nile Delta Offshore Concession

Shell Egypt, along with partners EGAS, EGPC, and Petronas, have agreed to commence the 11th development phase in Egypt Nile Delta offshore West Delta Deep Marine (WDDM) concession in the Mediterranean Sea.

El Molla Reviews Methanex Plant Progress: Boosting Methanol Production and Sustainability

Minister of Petroleum and Mineral Resources Tarek El Molla recently inspected progress at the Methanex plant in Damietta, reviewing state-of-the-art facilities and production units designed for maximum safety and global sustainability