Eini and BB near gas field investment decision

Italian company Eni and British company BP, in collaboration with the Egyptian General Petroleum Corporation, are moving toward making a final investment decision in the coming months regarding the new offshore gas field "Denis West" in Egypt. The first supplies from the field, which was announced as discovered last April, are expected to begin in less than two years. Both parties also confirmed that the Cyprus "Cronus" field project, where its gas will be liquefied in Egypt for re-export, will play a key role in strengthening Egypt's position as an energy trading hub in the Eastern Mediterranean region.

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