The application of technologies envisaged by the MoU will lead to energy savings of more than 20% (in terms of non-consumed natural gas) and bring significant environmental benefits.

Cairo, 8 April 2008 – Eni today signed with the Egyptian Natural Gas Holding Company (EGAS) and the Egyptian Electricity Holding Company (EEHC) a Memorandum of Understanding for a feasibility study to apply last generation production technologies to some Egyptian power plants.
The Memorandum was signed by Eni Ceo, Paolo Scaroni, the Chairman of the Egyptian Natural Gas Holding Company (EGAS), Eng. Mahmoud Latif, and the Chairman of the Egyptian Electricity Holding Company (EEHC), Dr. Mohamad Mohamad Awadm, in the presence of Italy’s Prime Minister, Romano Prodi, Egypt’s Minister of Electricity and Energy, Dr. Hassan Younes, and Petroleum Minister, Eng. Sameh Fahmy.
The application of technologies envisaged by the MoU will lead to energy savings of more than 20% (in terms of non-consumed natural gas) and bring significant environmental benefits. Feasibility studies will evaluate the use of combined cycles in some power plants in Egypt, in order to enhance their efficiency and save natural gas. Eni is already using combined cycle technology in its power plants in Italy, which are managed by subsidiary EniPower. Part of saved natural gas will also be used to cover the costs of the eventual implementation of the project. Increased efficiency of power plants will also enable reduced emissions of greenhouse gases.
Eni is the main foreign oil & gas player in Egypt where its equity production of oil and natural gas reached approximately 240,000 boe/d in 2007. Eni operates in Egypt through the International Egyptian Oil Company (IEOC), which directly carries out exploration activities and participates in production through Italian-Egyptian companies. Eni is also present in Egypt in the engineering and construction industry through Saipem.

(Eni Press Release)