Eni SPA’s 7.56 billion cu m/year Damietta LNG plant in Egypt has produced and loaded its first cargo since 2012. An agreement to fully restart operations has been authorized by governmental authorities and is expected to close first-half March 2021.
Eni in late 2020 signed agreements for the plant’s restsart with Egypt, Egyptian General Petroleum Corp., Egyptian Natural Gas Holding Co. (EGAS), and Spanish company Naturgy (OGJ Online, Jan. 4, 2021).
Damietta LNG is owned by Segas, which is 40% held by Eni through Union Fenosa Gas (50% Eni, 50% Naturgy). Union Fenosa will be transferring its ownership stake to Eni and EGAS as part of the restart agreements.
Ongoing development of Egypt’s offshore Zohr and Nooros gas fields has allowed the country to reenter the LNG export market.
