Eni, the Italian energy company, intends to start natural gas production at its Orion X1 well in Egypt’s Eastern Mediterranean region over the next three years.
With $130 million in investments, the project’s reserve of natural gas is estimated at 10 trillion cubic feet, the source highlighted.
Relatedly, Eni, the Italian company, anticipates the potential to export Egyptian liquefied natural gas (LNG) this month, according to a report from Asharq Business, which cites Claudio Descalzi, Eni’s CEO. This expectation arises as Egypt’s demand for LNG decreases during the winter season.
