Damietta, Egypt
Eni’s North African gas agreements difficult to quantify
The Italian IOC heralds more supply from Algeria and Egypt. But exactly how much remains open to question
Senior executives at Italy’s Eni have had a busy week leading up to the Easter holiday. CEO Claudio Descalzi visited Algiers to sign an agreement with Algerian NOC Sonatrach, while Guido Brusco, the firm’s COO for natural resources, was in Cairo to seal a framework agreement with Egyptian state-owned gas firm Egas. Eni hailed both as securing additional gas supply. But working out the volumes of additional molecules agreed is not easy. Algeria The deal with Sonatrach foresees additional gas delivered through the subsea Transmed pipeline between Algeria and Italy from as early as the start of next winter, rising to up to 9bn m³/yr in 2023-24. But without available data on the current volume o
Also in this section
15 May 2025
Financial problems, lack of exploration success and political dogma cause uncertainty across much of the region
14 May 2025
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
13 May 2025
A fall in Venezuelan output drives overall production lower, as Saudi Arabia starts to slowly bring more crude to the market
12 May 2025
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference
