The Italian energy company ENI signed an agreement on the export of gas from Cyprus underwater deposits through Egypt to Europe on Monday. The Italian company has labeled an agreement for “a milestone on the road to the creation of a gas node in the Eastern Mediterranean”. Reuters informed about it.
On the basis of an agreement whose In addition to ENI, the French company Totalenergies is also included, takes gas from the Cronos Block 6 Cronos 6 liquefaction at the Damimamta LNG plant in Egypt. From there it will then be exported to Europe. Eni and totalenergies have a 50 % share in Cronos Block 6. In addition, the Italian company checks 50 % at the Damtiba gas liquefaction plant.
Cronos Block 6, which discovered in 2022, is estimated to contain more than 3 trillion cubic tracks (approximately 85 billion m3) of gas. In addition, ongoing survey points to other potential gas sources in the area. As the head of ENI Claudio Descalzi said, This agreement paves the way to ensure the supply of gas from Cyprus to markets in the foreseeable future, which will contribute to the strengthening of Europe’s energy security.
