Italian power agency Eni stated that the Damietta liquefaction plant in Egypt had produced and loaded its five hundredth LNG cargo because the begin of operations in 2005.

The 5 mtpa facility positioned on the Mediterranean coast, about 60 km northwest of Port Stated, began exporting LNG once more in Februar 2021 following a deal between Egypt’s EGPC and EGAS, Eni, and Naturgy.

It stopped operations in 2012 resulting from declining home manufacturing, however new finds reminiscent of Eni’s big Zohr discipline within the East Mediterranean allowed the companions to restart the plant and ship the primary cargo in 2021.

Following Naturgy’s departure, Eni owns 50 % in SEGAS, the proprietor of the liquefaction plant, whereas EGAS owns 40 %, and EGPC holds 10 %.

Since its restart in 2021, the export LNG facility exported 7.2 MT of LNG, in response to an announcement by Eni issued on Wednesday.

Throughout 2022, Damietta LNG produced and exported some 4 million tons of LNG, which thought of the most important quantity in its virtually 20-year historical past, making it the primary LNG terminal in Egypt by way of LNG exports and contributing to Egypt’s position as an power hub within the Mediterranean, Eni stated.

Round 60 % of the overall shipments from the LNG plant have been delivered to Europe, the agency stated.

Eni stated that it’s presently Egypt’s main producer with an fairness manufacturing of hydrocarbons of roughly 350,000 barrels of oil equal per day.

The corporate claims it produced virtually 60 % of the overall fuel produced within the nation final yr.

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By Samy