A strategic meeting for the energy future
Today, a crucial meeting took place between the President of the Arab Republic of Egypt, Abdel Fattah al-Sisi, and the CEO of Eni, Claudio Descalzi. The main objective of this meeting was to take stock of Eni’s activities in the country and to explore areas of common interest and collaboration. The discussion highlighted the importance of cooperation between the two entities, especially in a constantly evolving global context.
Focus on Eni’s activities in Egypt
During the meeting, the activities carried out by Eni in Egypt were analyzed, with particular attention to initiatives both on land and at sea. These initiatives are essential to support natural gas production and to explore the large portfolio of assets available in the country. Egypt is establishing itself as a strategic hub for gas in the Eastern Mediterranean, thanks to the presence of advanced infrastructure for the treatment and export of liquefied natural gas (LNG
).
Energy transition and sustainability
Another crucial point of the meeting was the energy transition process. The CEO of Eni explained the company’s commitment to promoting decarbonization initiatives. These include reducing methane emissions, implementing energy efficiency solutions and investing in renewable energy. Sustainability has become a priority not only for Eni, but also for the Egyptian government, which is trying to diversify its energy sources and reduce its dependence on fossil fuels
.
Eni’s role in the Egyptian market
Eni, through its subsidiary IEOC, is currently the main producer of hydrocarbons in Egypt, with a production of about 318,000 barrels of oil equivalent per day in 2023. This strategic positioning allows Eni to play a fundamental role in the development of the Egyptian energy sector, contributing not only to the local economy, but also to the region’s energy stability. The synergy between Eni and the Egyptian government represents a model of cooperation that could be replicated in other areas
of the world.