Egypt, Italy scale up cooperation to boost LNG exports to Europe

Egypt is reinforcing cooperation with Italy to facilitate the exporting process of liquefied natural gas (LNG) to the European markets, Minister of Petroleum and Mineral Resources Tarek El-Molla told Asharq Business in an interview on January 23rd.

Italy’s Eni produces more than 50% of the Egyptian natural gas, El-Molla said.

On January 22nd, President Abdel Fattah El-Sisi welcomed the Italian Foreign Minister and Deputy Prime Minister Antonio Tajani in Cairo, where they probed possible means of bolstering joint trade and investment relations.