Egypt has discussed with Italian energy company Eni ways to accelerate development and production plans for natural gas and oil fields and discoveries to meet domestic needs, according to a statement.
This came during a meeting between Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi and Eni’s Chief Operating Officer Natural Resources Guido Brusco on the sidelines of the Gastech 2024 Exhibition and Conference in Houston, USA.
The two sides also discussed the progress of Eni’s fields in the Eastern Mediterranean, including the latest updates on the connection of the Cronos gas field in Cyprus to Egyptian facilities on the Mediterranean coast and the subsequent transportation of the gas to foreign markets.
This will help strengthen Egypt’s position as a regional energy transportation and trading hub.