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Thursday, 18 October 2018

EGAS agrees to purchase gas from Eni’s Faramid at USD 2.6/MMBtu

The Egyptian Natural Gas Holding Company (EGAS) reportedly agreed to purchase natural gas produced from Eni’s Faramid South asset at USD 2.6/MMBtu, sources from EGAS said. The well, which is in Eni’s East Obayed concession in the Western Desert, has been closed pending Eni reaching an agreement with Royal Dutch Shell over the terms of constructing a pipeline connecting the field to Shell’s processing plant.

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