State-controlled Eni is looking for new gas sources as it aims to completely replace gas imports from Russia by 2025.
In a statement on Sunday, the company said the field is located in Egypt’s territorial water near the eastern city of Rafah. “The discovery can be developed leveraging the proximity to Eni’s existing facilities,” the company said.Eni said it would further develop the offshore area thanks to a recent award of several exploration blocks. The concession area measures some 1,800 square kilometres.Replacing gas imports from Russia
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