Eni deal with Egypt, Cyprus for Mediterranean gas hub
Eni has signed an agreement with Egypt and Cyprus for the development and export of gas from Block 6 of Cyprus through existing infrastructure in Egypt, to then be liquefied and exported to other European markets, the Italian energy giant said.
The agreement, explains a note from the oil and gas company, "represents a concrete milestone for the creation of a gas hub in the Eastern Mediterranean, leveraging existing infrastructure in Egypt and positioning Cyprus as a producer and exporter of gas", CE Report quotes ANSA.
