Story perspectives
Eni Signs Subsea Pipeline Contracts for Cyprus Gas Exports
By Drooid · · How we work
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Story summary
- Eni signed contracts for subsea pipelines to extract gas from its offshore Cyprus project.
- The gas will be shipped to Egypt’s Damietta LNG plant for liquefaction.
- Supercooled gas will be loaded onto ships for export to Europe starting in 2028.
- The project aims to boost Europe’s gas supply security after recent global shocks.
- Eni’s shares fell 1.79% on the day the contracts were announced.