Gas projects developing in east Mediterranean countries like Cyprus, Israel and Egypt can be proven to be key to Europe, as it tries to diversify its gas imports, seeing that North Sea output is decreasing, while in the same time Russian supplies are on the rise.
That was the opinion of the head of the Italian Eni, Claudio Descalzi, who mentioned that especially Egypt is important for gas exports, because it already has the necessary infrastructure. He added that Egypt can become a global hub, able to produce 20 billion cubic metres of gas annually, over the next years, Reuters reported.
Mr. Descalzi informed that Eni is looking into the possibility of expanding in Algeria as well, including offshore fields. As far as Iran is concerned, he said that field development terms must improve, in order for the company to return.
