The Damietta Natural Gas Liquefaction Plant has succeeded in producing and exporting the 500th cargo of liquefied natural gas (LNG) since it started operating in 2005, after an eight-year hiatus before starting again in February 2021, the Ministry of Petroleum and Mineral Resources said in a statement.
Since it resumed operations in 2021, the Damietta liquefaction plant has exported 7.2 million tons of LNG, of which about 4 million tons were exported in 2022, which is the largest quantity exported in the factory’s history, which extends for nearly 20 years, making it the first factory in Egypt in the field of LNG exports and contributes to strengthening Egypt’s role as a regional energy hub in the Mediterranean region.
About 60% of the total cargoes from the Damietta plant were exported to Europe.
The Damietta LNG plant has been operating since 2021 through the Egyptian Natural Gas Holding Company (EGAS) and Eni.
It should be noted that Eni has been operating in Egypt since 1954 through its company IEOC and it is currently the largest producer in Egypt, with a production share of hydrocarbons amounting to about 350,000 barrels of oil equivalent per day. During the year 2022, Eni produced about 60% of the total gas produced in Egypt.