Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Eni launches the second phase of the Egyptian gas field, with a daily processing capacity of 100 million cubic feet.

Eni launches the second phase of the Egyptian gas field, with a daily processing capacity of 100 million cubic feet.

智通财经智通财经2026/10/20 13:06
Show original
⑴ Eni, through its joint venture Agiba Petroleum Company with the Egyptian General Petroleum Corporation, has officially commenced trial operations for Phase II of the Meleiha project in Egypt’s Western Desert.⑵ The new facility is designed to handle up to approximately 100 million standard cubic feet of natural gas per day, representing a key component of the new gas hub development within the Meleiha merged concession area.⑶ The project also includes development wells, gathering systems, main trunk pipelines, and dedicated natural gas export pipelines, integrating new production into Egypt's existing grid to achieve rapid monetization of resources and enhance operational efficiency.⑷ The project is developed according to high standards of operation, safety, and environmental sustainability, contributing to increased natural gas supply for Egypt’s domestic market and supporting the country's energy security.⑸ Eni entered Egypt in 1954 and is one of the nation's leading energy producers, reporting an equity oil and gas production for 2025 of approximately 242,000 barrels of oil equivalent per day, with operations spanning the Western Desert, Suez Gulf, Nile Delta, and Eastern Mediterranean.⑹ Further attention will be paid to the impact of the project’s commissioning pace on Egypt's domestic natural gas balance, as well as marginal changes in the supply structure across the Mediterranean region.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!