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