Egypt’s two idle LNG export terminals at Idku (operated by Shell) and Damietta (Eni-led Union Fenosa) remain the best options for any exports from the region, Italian firm Eni says. It certainly feeds into Egypt’s plans to become a regional energy hub (MEES, 23 February).
“We should prioritize the liquefaction capacity that we have already present in Egypt and that is idle or partially idle. And then the gas from the liquefaction plant in Egypt can go to Europe. This is the simple, faster, logic way of monetizing East Med gas,” exploration chief Luca Bertelli said in Nicosia this week. (CONTINUED - 163 WORDS)