Cyprus Mail: ENI Regional Gas Hub Includes Cyprus

ENI’s vision for a gas hub in the eastern Mediterranean includes Cyprus, energy minister Giorgos Lakkotrypis said on Tuesday.

He was asked to comment on an announcement put out by ENI a day earlier where the Italian energy giant said it is discussing with the Egyptian government the possibility of setting up a hub in the eastern Med for the transit of natural gas within the region.

ENI released the statement after a meeting between their CEO Claudio Descalzi and Egyptian president Abdel Fattah al-Sisi in Cairo on Sunday. There, the two sides agreed to fast-track production of the newly-discovered Zohr field, believed to hold 30 trillion cubic feet of natural gas.

The Zohr discovery was announced in late August. Since then, Descalzi has been talking up a possible gas hub in the Mediterranean uniting the resources of Egypt, Israel and Cyprus, adding that this could open new pathways between Africa, the Middle East and Europe. MORE